Like the health care debate... lessons learned from the rest of the world is not a topic up for debate.
That is not a particularly American phenomenon, we do it all the time in Australia... however there are often calls to stop the "Americanisation" of health care/education/workplace.
Thats just because credit is so cheap that the costs can go so high. If it was much harder to borrow money, I tell you the universities would never get away with such fees.
Which again goes back to one of the article's points of cross-economy borrowing on crack that was started a few decades back and will eventually get someone to pay for it.
Yes, the current education system in America is due to a willful desire to increase the cost of college, because every American politician is a terrible person.
(One could educate oneself on the history of public college funding and the underpinning philosophies of the student loan to get a better idea of the massively complex economic situation, but I know that's not the American way...)
That is not a particularly American phenomenon, we do it all the time in Australia... however there are often calls to stop the "Americanisation" of health care/education/workplace.