Recent reporting has uncovered massive fraud schemes in community college enrollment throughout the country, resulting in hundreds of millions of taxpayer dollars being stolen. A new blog post by Neal McCluskey, the director of Cato’s Center for Educational Freedom, details why this is just another reason to end federal student loans, in part writing:

“Of course, the most painful effect of federal third-party funding in higher ed is on prices. Federal aid enables colleges to raise prices and bring in more money, and it often incentivizes students to demand more expensive options that have little to do with education. Oh, and funding more and more degrees artificially inflates demand for credentials in the workforce.

Basically, federal student aid fuels tuition inflation, credential inflation, and fraud. It is also unconstitutional … and time for it to end.”

To speak with McCluskey further on student loan fraud, contact Christopher Tarvardian.