I think it's more that students are allowed to take loans that they can't possibly service. Since you can't get out of loans via bankruptcy and the loans are b

I think it's more that students are allowed to take loans that they can't possibly service. Since you can't get out of loans via bankruptcy and the loans are backed by the federal government, loan agencies have no reason to make sure borrowers are qualified. When they issue big loans to women's studies and philosophy majors, they don't assume any of the risk that's rightfully theirs. That's where the abuse happens. Students, in their ignorance, take on more than their fair share of risk.