[ReelectTrump2020]

I agree Obama is partly to blame but it goes back before then. I blame Bush. The special treatment given to student loans in the BAPCPA made it so lenders were not incentivized to limit their risk (they’d be paid back somehow in 99.9% of cases). So, they just kept making funds more readily available, which colleges responded to by continuing to increase cost of attendance.

[HotHunt]

I know Bush signed the BAPCPA law in 2005 but even after reading the article at the link I've provided, I'm still not clear on how this law increased the default rate other that precluding student loans from being discharged in a bankruptcy. Or at least making it more difficult by having to prove undue hardship on the part of the student in repaying the loans.

I don't disagree with you so much as I will say that since the government got their hands in the student loan business, it has been a disaster.

Thanks for responding.

A Morally Bankrupt System: Student Loans Post-BAPCPA