People claim this is a huge problem, and at this point I suppose it is, but it was not always so. The government should get out of the business of giving and gu

People claim this is a huge problem, and at this point I suppose it is, but it was not always so. The government should get out of the business of giving and guaranteeing education loans and this debt should be disposable in bankruptcy. The problem would go away very quickly. Lenders would have to take a close look at the borrower, their academic record, their major, career prospects, etc. before making these loans. Which is how it should be in the first place. Of course there will those that whine about access to higher education, but I think that argument has already failed spectacularly. We are witnessing first hand that higher education is not for everybody and for many degree programs has zero bearing on future financial success.