Translation: they're government guaranteed by making the students seel themselves into loan slavery instead of by taxpayer money. Note the evolution of public

Translation: they're government guaranteed by making the students seel themselves into loan slavery instead of by taxpayer money. Note the evolution of public finances since this started : expenses increased. Same thing will happen : government will bow to public pressure to make these things dischargeable, and suddenly the loans aren't worth their interest rate anymore. The government's companies panic and try to get back their principal. Why ? Because these companies weren't financed by the government, in true American style they loan on the public market, then reloan to the students. Right now they're rated AAA of course, and loan at very low interest to people who probably aren't even worth BBB rating. And they roll over debt. As soon as anyone finds a way to discharge large amounts of student loan debts, there's more than a trillion dollar of loans that go from AAA to < BBB. Then at the end of the month, these loans need to be rolled over ...