Modern concepts of debt seem to incorporate some risk to the lender. That gives some incentive to the lender to only lend to good investments. Student loans don

Modern concepts of debt seem to incorporate some risk to the lender. That gives some incentive to the lender to only lend to good investments. Student loans don't seem to have that level of risk for the lender. One of the reasons colleges cost so much is because they can. As long as there is easy debt people will take it. As long as they take it they can pay high tuition fees. If they money dries up collages will have to reduce costs and lower fees.