...because they worry about students taking on too much debt. Not for profit colleges screwing students, well that's just keen - their part of the coalition of the state. But this private, tax paying business baloney, can't have that, they cut into our margins. Colleges loading up marginal students with tens of thousands of federal debt has been going on for years. But now that they face a threat from actual customer focused entities, they're using the by now banal fact of their looting as a pretext to restrict competition to their fat, dumb, and venal oligopoly.
The Obami's behavior is utterly predictable: buttress the state and its dependents, restrict competitive market behavior and stick the kids with the bill.
"Charities" indeed.
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