People used to blame it on irresponsible students who majored in English or art history who supposedly never thought about earning a living in the "real world." But as the years have gone by, most of these jackasses placing blame on the students have fallen silent, as they know too many engineering and accounting majors who are meeting the same low-income reality.

Reminds me of 1982

Just be sure to have rich parents who can bankroll you through it all and can help subsidize your post-graduate life.

University.

But the important thing is to punish borrowers for decades over bad advise they received when they were 17.


And if it can be framed as some variation of "my circumstances allowed me to make different choices from yours, so to hell with you," so much the better.

That's the sentiment I've seen many times over here @ DU.

economic feed back between the student and the institution.

Easy access to loans just delays the cost/benefit part of the purchase.

What is truly evil and will turn out to be a large crisis in time is the siphoning of consumer purchases out of the market by people paying down on their student loans. And because these loans are not dischargeable in bankruptcy, this debt will hold down people in their peek spending years and so be a huge drag on economic growth for decades.

With private lenders pretty much out of the business and Congress reluctant to fund student loans any further, I don't see how tuitions at colleges go up from here.