The real problem with the ‘exploding college debt’ is not with the colleges, loan companies, nor with Congress - it is with those who take on the debt. No one is putting a gun to their heads to take out the loans. Congress, and ‘boy’ Obama have more important things to concern themselves with than wiping the noses and butts of fools who willingly and stupidly take on a loan that turns out to be more than they can handle.
“The real problem with the exploding college debt is not with the colleges, loan companies, nor with Congress - it is with those who take on the debt.”
Bingo!!! Our son got through school with partial academic and sport scholarships and working one or two part time jobs. He had no debt and is now saving for a masters degree for which he will have no debt upon graduation. Of course they weren’t Ivy League, but they were state schools with good reputations. Why is there so much insanity?