The United States has rightly decided to invest in post-secondary education by providing comparatively low-interest loans to students. The problem is that with this subsidy in place universities can continue to increase costs wildly out of line with inflation, knowing that the federal government will pick up the tab. This has in turn caused an explosion in student loan debt that is drowning the younger generations. We need to take direct action to reduce college costs, including threatening the tax-exempt status of universities that allow their costs to spiral out of control.