[DesiLurker]

I have been saying this forever, this is basic economics, you get more of what you subsidize. here govt should have subsidized creating more high quality colleges instead of federally-backed-non-dischargable loan. IMNSHO the non-dischargability is really the key here. if you can get rid of it in bankruptcy then they will be forced to evaluate which programs are not good ROI and possibly charge more interest for them. this way govt saddles students with the consequences of bad-policy on their part.