And permiting indenture is better? College is a signalling racket status good. Cut the loans and watch as tuition magically decreases to maintain equilibrium.

I actually fully agree. I wasn't arguing my personal point, just stating a fact

If we accept that the risk of student loan is covered by the state in any rate and not by the bank then we can just cut out the middle man and have the state give out the loan in the first place under what ever condition that satisfy the public who is paying for it.

Sweden has that system. Can't say it is that terrible.

Sounds good!

Precisely. Then we'd get true price discovery.

If any given thing is "too expensive", then an important fact is being conveyed: that thing takes too many resources to produce, relative to the value it is providing.

Trying to hide or subsidize the price only prevents people from acting on that fact. (and thereby acquiring that value in a more efficient manner, etc.)

Well, I mean... you just described Economics 101 basically.

Yes, I did restate a particular subset of Economics 101 which your comment seemed to have left out-of-sight and out-of-mind.