It is widely understood that student loan assistance has inflated college tuition, student debt, and lender profits. Less often recognized is that these outcomes were intended. Elizabeth Tandy Shermer uncovers the history of federal student loans, showing that they were designed to appease constituencies opposed to affordable higher education.
Historian Elizabeth Tandy Shermer examines how Barry Goldwater and elite Phoenix businessmen used policy and federal funds to fashion a postwar "business climate," setting off an interstate competition for investment that transformed American politics.
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