Neal McCluskey is Director of the Center for Educational Freedom at the Cato Institute
Neal McCluskey | Cato Institute
The "College Cost Reduction Act" is a big bill with lots of provisions but one which will get a lot of attention will require colleges to take some of the financial risk on loans taken out to study there. I love the idea as the best way I can think of to limit price increases and cause the schools to have incentive to create graduates not massively burdened by debt. (I can also imagine the provision causing a little bias against students who need loans.) This is a subject for experts. I'll see if I can get one to talk about it with us.
The College Cost Reduction Act: What You Need to Know (acenet.edu)