After reading your post, so am I.
They have no incentive to make sure that the borrower can ever pay the money back. Also there is no incentive to keep cost under control.
IOW, colleges wouldn't be offering BS degrees in womyn's and homosexual studies because there would be little chance of the student actually finding work in that field and paying off the tuition.
let’s not forget black studies.
Don’t forget all these “trade” school running ads all day.
Some are good, some not so good, but they all arrange student loans