Higher education subsidies in the form of the federal government's student loan program have the potential to
A)reduce the number of people who attend college.
B)reduce the number of universities and colleges in the future.
C)create a credit bubble and debt crisis.
D)reduce the default risk on student loans.

Question

Quizplus · Accepted Answer

Federal student loan programs can lead to increased borrowing, potentially creating a credit bubble if students take on more debt than they can repay, leading to a debt crisis.

Higher Education Subsidies in the Form of the Federal Government's