Judicial Watch Sues Education Department over Cover up Of Increasing Student Loan Failures -...

They should also teach a class on return on investment, so that the sociology majors arent surprised when they get a job that pass less that waiting tables.

This is actually brilliant in political terms. For some reason not found in any enumerated powers of the Federal Govt, the govt serves as a bank to students whom many are not aware of or from a solid family foundation. These unsuspecting "voters" are provided with funding which for the most part goes to Liberal Institutions which provide funding for Leftist causes and so forth. This cycle continues, tuition increases, students begin to default, the mean and evil Republicans want accountability and therefore the Democrat response is Student Debt Forgiveness. The mean, nasty Republicans whom all are Millionaires and Billionaires lose and the Democrats gain a new generation of voters financed via the American Taxpayer. This is political brilliance and the People fall for it whether it is called the Affordable Care Act, Affordable Housing Act, Social Security, etc. Democrat made political disasters targeting new voters paid for by all.

I agree, though there are two sides of the coin. There are also predatory lenders ready willing and able to prey on young inexperienced people who just are not mature enough to make good decisions, particularly when the cost of tuition has increased dramatically. A lot of this is tied into the federal funding of education tied with a government guarantee tied to the borrower's inability to get rid of the debt, even through bankruptcy.

What this has led to is lots of ability for students to borrow money resulting in lots of available capitol to be spent on tuition. Colleges have quickly raised tuition based on the student's vastly expanded access to capitol. Meanwhile lenders have been more than happy to lend kids money with government backing and the lenders can never discharge the debt.

The winners? Colleges, Universities and the lenders.

The losers? Students and the taxpayers

The ironic bit, the reason why it was done was to benefit students and society as a whole by increasing the number of people with an advanced degree. I suspect what happened is what always seems to happen, the associated industries got their lobbying paws on it and the legislation ended up benefitting them.

Don't even get me started on the idea that trade schools are bad and colleges and universities are the only way to go.