Another problem with the higher education debt loads is that all these companies were happy to give away loans since they were protected by government guarantees which inflated what a college should be able to charge in the first place.
Like the 0% money down 100% financed loans, this will blow up similar to the housing market.
Unfortunately, student loan debt can’t be walked away from as mentioned in the article which screws over these young adults a ton more. Sad state…and our education system is still out of money with another double digit increase for all cal state/uc school again.
