Low Student Loan Rates

Open email to House Speaker Boehner:

Dear Speaker Boehner,
    I have read your latest newsletter.    You are trying to get the Democrats to cooperate with you in avoiding an interest increase on student loans and continuing at the low subsidized rate.
    I was previously under the impression that one of the planks of the Republican Party was freedom and self-determination. This was supposed to be accentuated with smaller government and particularly in attempt to avoid interference in matters where economic market forces are trying to prevail.
    Your support of a continuing effort to keep student loan rates at a low level is completely contrary to the above concept.
    Student loans are a significant part of financial markets. When a student desires to advance his education through college/university, his first recourse is through actual grants from the federal government, of which the most significant are Pell grants. He next can draw on his family for support or scholarships from outside organizations, such as the Lions Club, etc.. When he is still short of funds to pay tuition fees, and bodily support for advanced education, he goes to the commercial markets. The higher the interest rate for loans in the commercial market, the less likelihood that he will be an acceptor and the less likelihood that he will be proceeding to higher education, at least at that stage of his life.
    Keep in mind that at the present time we have a tremendous number of young people with advanced education and who have significant student loans, even at the low subsidized rate, without employment. Simply stated, there is an overabundance of college-educated people in relationship to available positions. More simply stated, the federal government has contributed to a market excess at great taxpayer cost involving Pell grants and low-interest student loans. How long would you like that to continue, considering your present program of attempting to gain Democratic support for continuing low student loan rates?
    It is rather unusual for me to be on the side of Democrats, but with your implication that Democrats appear to be opposed to continuing low student loan rates, I support their position. For whatever reason they hold this position, it is clear that when the market is already overdeveloped with respect to availability of product or services, it is ridiculous for government subsidization this to exacerbate the overdevelopment.
    If you want to do something to benefit the country, get off the kick of meddling in commercial markets. Let the market take care of itself. Means that suppliers and users will come into proper balance through standard negotiation procedures, without government dumping taxpayer money on one side or the other.