When this particular pile of printed, Fed.gov backed, printed Federal Reserve currency debt collapses, you will find A LOT of fraud, just like in housing.
Kids going to America’s top 100 universities are not in massive debt, or if they have a lot of debt, they are not defaulting on it.
This debt will be revealed to be supporting a lot of phony schools, a lot of really bad schools, non-existent degrees, a lot of welfare for America’s urban underclass, and a lot of fraud and criminals.
You are correct, my older sister engaged in educational loan fraud for nearly a decade until they cut her off. She lied about everything regarding income and expenses to get the maximum stipend while living rent free in a rental our parents owned. Changed majors whenever she got close to graduating and returned or sold textbooks for cash.
Still a useless eater with no degree, looking for new ways to fleece the taxpayer.