The loans would never be made under normal circumstances, so the govt. guarantees them. Part of that deal is that they must be paid back. Fair enough. I agre

The loans would never be made under normal circumstances, so the govt. guarantees them. Part of that deal is that they must be paid back. Fair enough. I agree that the whole system is poor, but not because the loans have to be paid back. A better system would be to take the money and instead build subsidized public colleges. Loans just fuel cost inflation, exactly as we've seen.