[FreedomPoster]

The fact that we have set up a system where young financial neophytes who have barely attained their majority are encouraged to take out student loans that lock them in forever regardless of ability to pay is reprehensible. The reasons we have so many problems with this system are plain, and yet we’ve built up a huge edifice around this practice.

[Huntress]

You've hit the nail on the head. The students taking out massive loans may be of legal age to make a contract, but most of them have no real understanding of what they are getting themselves into. By the time they figure it out, it's too late.

When I was getting ready to go to law school (a prestigious and expensive one), my Dad tried to explain this to me, but I was sure he was wrong and I'd make plenty of money to pay back my loans. Fifteen years on, I'm still making payments and I know Dad was right. I got a good legal education, but I should have gone to a state school or a less fancy school that would have offered me a scholarship.