We keep raising tuition so we can offer salaries competitive with our peer institutions
And in the meantime, those peer institutions are raising their tuitions to be competitive with you. It's an arms race, and the tuition increases are funding it. And those increases are only possible due to student loans (and tuition grants).
So your argument is circular: if these loans were curtailed to all institutions, then they wouldn't be able to escalate, and you wouldn't be forced to follow suit.
And in the meantime, those peer institutions are raising their tuitions to be competitive with you. It's an arms race, and the tuition increases are funding it. And those increases are only possible due to student loans (and tuition grants).
So your argument is circular: if these loans were curtailed to all institutions, then they wouldn't be able to escalate, and you wouldn't be forced to follow suit.