[WhatIsThisIm12]

As someone who graduated from an Ivy Leage school, and boarding school before that, all on full financial aid with zero loans, I count myself incredibly lucky. I also see the student loan system as incredibly fucked up.

The worst aspect of it to me is that the most predatory loans go to the lowest qualified students, who are the ones who get the lower paying jobs. Top universities are the only ones with loan-free, need-blind financial aid programs. Yet they're the ones with students who would be most qualified to pay any loans back. Meanwhile lower tier universities charge tuitions almost as large as the top tier ones, yet send students to $40k/yr jobs.

The students who need the money most don't get it.

[ryuker16]

Actually these students qualify for a large amount of federal student loans due to poverty.

Private student loan vendors are would never lend to these for-profit students with out collateral or a well off co-signer.