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Endorsed.

Also, subsidies and/or below-market lending rates have a distorting effect on the market for student loans. Making money so cheap encourages students taking on bigger debts, which entices colleges into competing on who can provide the most expensive services -- have you seen today's fancy hotel-suite dorm rooms? -- rather than on who can provide the most affordable education.

Nothing makes anything more unaffordable than government attempts at making things more affordable.