The Human Face of Student Debt

[TrailRunr]

Another way to think of the student loan problem is that it is a backdoor taxpayer subsidy to the private colleges, universities, and vocational schools. They probably have a lot of lobbyists. The student loan programs used to be a back door subsidy for the financial industry as well. All that's needed is to trick people into thinking an overpriced school is good even if the job prospects are poor. I do think people need to take personal responsibility for poor choices such as going to UOP or choosing a useless major, but the government sleeping in bed with the banks and the private schools doesn't help.