Not all degrees or students are equal in value, and yet our government's grant and loan programs treat them as if they are. Such programs also inflate the cost of tuition and education, as we've seen with educational costs skyrocketing at a rate far exceeding inflation, due to operating as a price floor. They encourage universities to add layer upon layer of additional bureaucracy to justify the outlays, providing little or no value to students but driving up overhead costs. The loan and grant programs also encourage students to take on more debt than they can handle to obtain degrees that are largely worthless in terms of earning potential and that sentence them to years of payments that their career fields may not be able to handle. The best venue for handling student loan programs remains the private sector, which can create more realistic models of value for degrees than can government bureaucrats, who are largely driven by political concerns rather than real-world outcomes.