When I was in college, the football program by itself made enough profit to pay for all other sports programs, varsity and intramural. That was a big program (University of Michigan) but it's the same everywhere. Television dollars.
I went to college on the GI Bill. But regarding student loans, it's as much the parents as the students. When our oldest daughter was accepted at a good (but private) university, the school sent her a letter that said in effect "Unless your parents lied on your financial aid application or you have a very rich grandparent, you can't afford to come here." She ended up going to a school in the state system that was pretty reasonable and graduated with a manageable level of debt.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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