Episode 116: What Happens When We Make College “Free”?
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The Federal Government's Guarantee on Student Loans
The federal government has guaranteed that loan, so the taxpayers are left holding the bag. This is what happens when you separate the product, the consumer, and who ultimately pays for it. It would be as if the federal government tomorrow said, okay, free houses. Go pick whatever house you want, the taxpayer will pay for it.
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