The system of government-backed loans, that cannot be forgiven through bankruptcy, given to anyone under the sun, has fallen victim to the Law of Unintended Con

The system of government-backed loans, that cannot be forgiven through bankruptcy, given to anyone under the sun, has fallen victim to the Law of Unintended Consequences. Vastly increasing the supply of money that can be paid to the Higher Education System has, surprise surprise, greatly increased the cost of a degree. Entire swaths of for-profit education institutions have popped up, ready to drink from the ever-full FAFSA/Pell/etc trough. The possibility of putting yourself through a great college is lunacy now a days. You need to start saving as soon as you graduate to be able to pay for your child's education.