re: Barack Obama cracks down on for-profit colleges: Why do it this way?

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I would also suspect that if Federal student loans weren't so readily available to anyone who applies, then demand for these schools would go down and many would be forced to lower their outrageous tuition.

Tuition at most schools has gone up dramatically - much more than the rate of inflation. Part of the problem is the ready availability of federal and private student loans. Just like the housing situation between 1997 and 2007, the availability of cheap money for those who will never be able to afford the product, creates an inflated price.

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