It's a tough problem that reenforces itself. The high availability of loans allows colleges to charge exorbitant rates, and for most, the exorbitant tuition rat

It's a tough problem that reenforces itself. The high availability of loans allows colleges to charge exorbitant rates, and for most, the exorbitant tuition rates necessitate the use of loans, which allows the tuition rates to go even higher. Fresh High School grads are a terrible demographic where good credit is concerned, there aren't many 18 year olds you could loan 6 figures to and expect to see that money again. But now we're so deep in this rabbit hole that neither side has incentive to back down. Nothing shy of government intervention, or mass protest of the system, is likely to change it in my opinion.