Summary: As the 2010-2011 school year begins, a growing number of college students will turn to college loans to pay for their education, and as the cost of college continues to rise in the midst of the Great Recession, the size of those loans is getting bigger. When the class of 2014 graduates, they will be $22,000 in debt on average. As student loans grow in both size and importance, the American public shows greater interest in their management and government policies toward them. This month, economic historian Lawrence Bowdish investigates the history of student loans, and how the arguments around government intervention often miss the point.
