http://www.cato.org/pub_display.php?pub_id=9186
http://www.businessandmedia.org/articles/2009/20090824141933.aspx
I've read both links and both are merely the opinion of right wing think tanks (Cato Institute and the American Enterprise Institute).
While I agree that availabilty of credit can create an asset bubble (or inflation) it's a chicken and egg argument (IMO) with regards to student loans for higher education. How about considering that higher demand (more people want a college education, more demand from overseas students) , higher expenses (think health insurance for one), can also result in higher costs and with higher costs comes larger portfolios of student loans.
I think it's in the best interest of the country to have a highly educated populace and even from a purely monetary point of view the more education you have the more likely you will have a higher paying job and pay more taxes.
Personally, I think Repubs really would prefer that people be less educated and that's the real reason they are aga
inst student loan programs.
There have been a few recent studies that show a direct correlation with less education and voting Republican?
We all know that Republicans put party before country so they would have an incentive to want a less educated population.