Letting 18-22 year old children take on six figures of debt that can not be discharged via bankruptcy is insane and downright immoral.
If the government wants to give away Pell grants then please do so by all means. But federally backed loans are causing irreparable harm.
Note another industry with zero regulation - software - where costs have declined to zero. Capitalist swine that I am, I also give away the software I write for free.
A free market solution chooses to not serve poor people, so it can be cheaper for richer people.
Its not the same thing.
(Notably, government taxes in software are still 30% revenue, eg. The AppStore)
The tragic irony is that the government’s involvement has had the opposite effect. College is more unaffordable than it has ever been.
A pure free market solution is not perfectly optimal. But it’d be a hell of a lot better than the unmitigated disaster that exists today.
McDonald's serves poor people. Apple sells tons of iphones to poor people. For the coup de grâce, the free market provides free software to poor people!
...is not as important as the result.
https://en.wikipedia.org/wiki/Unintended_consequences
> A free market solution chooses to not serve poor people, so it can be cheaper for richer people.
Your claim is contradicted by the real-world data in almost any industry.