I'd lump that into the broad category of the government protecting student loans. The government really has no business playing a role in financing consumer de

I'd lump that into the broad category of the government protecting student loans. The government really has no business playing a role in financing consumer debt, whether we're talking about students loans or mortgages. The fact that the government does finance loans artificially decreases the perceived risk of the loans because its reasonable to assume the government just won't let the loans fail.