Yet, even if all colleges could afford to eliminate loans, several admissions and financial aid directors say they would be reluctant to change a long-held tradition of holding students and their families responsible for part of college costs if they can afford to contribute.
"Philosophically, one of the dangers is we've made debt a four-letter word," said Lee Coffin, the dean of admissions at Tufts, which this fall eliminated loans for students from families making less than $40,000 a year and will not extend the offer to higher-income families. "I wonder what it will do to a generation that will go to college without any personal sacrifice. You start taking loans away, and you start saying, 'Here's a free ride.' "
I wonder how Mr. Coffin feels about socialized health care.