In the Two Decades Following 1990, Subsidized Federal Loans Per

Multiple Choice

In the two decades following 1990, subsidized federal loans per full-time student more than tripled. Economic analysis indicates that this expansion in subsidies

A) reduced the cost of a college education by the amount of the subsidies.
B) increased the cost of a college education by the amount of the subsidies.
C) reduced the cost of a college education of the students receiving the subsidies, but this gain was partially offset by increases in the cost of education resulting from the subsidies.
D) reduced the cost of a college education for students who did not accept the subsidies, but the net cost of education of those receiving the subsidies rose.