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This problem has been created by the Federal Government flooding the market with non-dischargeable student loans and encouraging students to take on debt regardless of how feasible or practical the course of study is.
The free market could solve this mess within a few months, but this would take a lot of gravy away from the Democrat’s allies in the worthless Women’s and Minority Studies programs throughout the nation.
Besides, the only way to address distortions created by government intervention is through more government intervention.