It is provided by government. Most people I know had both private and federal loans. I only have federal loans left to pay. You can also deduct the interest pay

It is provided by government. Most people I know had both private and federal loans. I only have federal loans left to pay. You can also deduct the interest payed from taxes. The root of the problem is that a career is treated like a product. It's a product that you won't know whether it's good or bad until you graduate four years later or more. The job market changes faster than this, and a lot students find themselves changing careers later to adjust to market demand, and in some cases they just can't get a job in the field at all. One potential solution here, is have companies pay for schools. The way it would work is that companies hire new grads and they pay some form of education insurance. If you can't get a job within a certain time period, the school should take the loss, until you get the job later. This would force schools to rethink what they're offering.