The credit bubble bailout continues

Supporting education makes fantastic sense but aren't we just feeding the bubble by injecting even more cash? The cost of universities in the US has become crazy, unlike any other Western/rich country. No matter how you spin it, it's impossible to say that the easy money credit hasn't fed the high cost of universities. Take a look at the endowment funds that the top schools have and ask how tuition could be so out of control when these schools are sitting on so much money. A few schools are now changing their tuition plans for normal families but that's only because of pressure (or threats of action) by Congress.

Graduating from college with over $120,000 of debt not to mention credit card debt that students all have these days is a bad way to enter the working world. Sure, we can and we should help but this system needs a drastic overhaul and one that does not center around the credit industry cashing in.