How College Students Were Shafted by Obamacare

Friday's Wall Street Journal discusses exactly how young people have been shafted by Obamacare.  Hope and Change! 

College students in nearly all states will be hit with a triple whammy. First of all, tuitions are increasing at public universities and colleges in large part because ObamaCare restricts governors from making changes to Medicaid eligibility that would reduce their state's health-care costs. Consequently, higher education is one of the first places they can cut.

College students are being hit again because the federal government took over the student-loan business in 2010, eliminating the competition. This allows the Education Department to borrow money from Treasury at an interest rate of 2.8% and lend it to college students at a rate of 6.8%. A portion of the profits from overcharging students will be used to help pay for ObamaCare.

And the third blow comes as college students graduate and enter a depressed job market where employers are creating fewer jobs as a result of the high costs associated with ObamaCare. Analysts at UBS have suggested as much when they stated in a September 2011 report that the health-care law is "arguably the biggest impediment to hiring, particularly hiring of less skilled workers."