Student Loans a Lot Like the Subprime Mortgage Debacle, Watchdog Says
We need to get rid of student loans.  The problem is that Universities don't ever need to worry about a student defaulting and can keep increasing the prices of tuition with impunity.  If they default, they don't care, because the money is already in the bank.<p>If universities had to worry about students defaulting, they would get rid of bullshit degrees that don't result in an actual job and the prices would come done due to free market forces.