This article from that time period talks about an increase in student loan defaults, with 12-18% of loans not being paid back. That's probably right around when

This article from that time period talks about an increase in student loan defaults, with 12-18% of loans not being paid back. That's probably right around when that professor was in college! https://www.nytimes.com/1974/06/04/archives/default-rise-feared-on-students-loans.html https://www.nytimes.com/1974/06/04/archives/default-rise-fea... It also talks about a general trend to federalize student loans. Does it really make sense to compare students taking federally secured loans to corporations taking private investments?