So according to this article, we have the unintended consequences of ultra accommodative monetary policy (i.e. private lenders offering rock bottom refi rates)

So according to this article, we have the unintended consequences of ultra accommodative monetary policy (i.e. private lenders offering rock bottom refi rates) conspiring with both the VC world's enthusiasm for anything that even looks like P2P lending and billionaires' penchant for getting involved anywhere there's money to be made, to siphon off the best loans from the Department of Education's portfolio, leaving taxpayers with a book full of IBR enrollees and severely delinquent borrowers who aren't even thinking about making payments... The government will be left with a greater share of borrowers like Jennifer Rejon. A 29-year-old single mother of a 10-year-old daughter, she has $17,000 in federal loans. Under a federal program to help low-income borrowers, Rejon, who lives in Chicago and has struggled to find a job, isn’t making payments. “I’m trying to at least get my life on track and be able to pay my bills,” she said. “The loans are the last thing I’m thinking about.” Take the above and throw in a few more $4 billion for-profit debt discharge fiascos and taxpayers could be in the red on the government's student loan portfolio before the mass debt cancellations even begin.