Well, the federal government decided to extend a $70K line of credit to 18 year olds, and university administrators aren’t going to miss a chance to exploit the

Well, the federal government decided to extend a $70K line of credit to 18 year olds, and university administrators aren’t going to miss a chance to exploit the naïveté of these vulnerable young people. So it’s not a matter of whether or not we should fleece our students, but how long will we allow university administrators to get away with it (Note that none of this is particular to private universities, public universities are every bit as bad).