[St_Thomas_Aquinas]

-— Supporting these type of idiotic programs has jacked up tuition rates to absorb every available government dollar and then some. Government student loans are easy to obtain and interest rates are jacked up to support the entire infrastructure. -—

That’s the cause of the problem.

We need to focus on the cause, not the symptoms: silly courses, overpaid professors, etc.

[Vigilanteman]

I've posted this before and think it is worth posting again:

Logical solution to the student loan crisis:

1. Write off 25%.
   
2. Return 75% to the institutions of origin for collection.
   
3. Institutes get to keep 5% for their trouble but must remit the remaining 70% back to the government.
   
4. They are free to hold up transcripts, cancel degrees and employ all the other measures they did to collect against the debtors as when they were students.
   
5. If the institutions still cannot pay back the government within the normal loan times, the government is free to attach their endowments, real estate and other assets.
   
6. Government gets completely out of the loan business and encourages the institutions to line up their own lenders. If a tiny college like Hillsdale (Michigan) can do it, then there is no reason anyone else can't do the same.
   
7. Yes, the taxpayer takes a 30% hit up front to liquidate this crap, but that is far better than continuing to grow this monster.