Before President Trump’s second term, both political parties seemed to think the solution to making higher education more affordable was throwing more money taxpayer money at the problem.

Unfortunately, that’s had the exact opposite result of driving tuition even higher.

Colleges had no incentive to cut costs so long as taxpayer-backed loans guaranteed them customers, regardless of those students’ ability to pay the bill. But with the passage of President Trump’s One Big Beautiful Bill, we are already seeing long overdue changes coming to higher education, paving the way for more practical, private-sector alternatives and forcing a fundamental shift in the university business model itself.

Today’s ballooning student-loan crisis is the predictable consequence of Democrats’ decision to transform what was formerly a public-private lending system into a massive, centrally managed federal loan portfolio. It’s easy to forget the nationalization of student lending was supposed to help pay for Obamacare, but the program quickly started accumulating losses instead.

According to the CBO,........

© The Saratogian