[ex-Texan]

The answer is obvious. Fraudsters wearing academic robes are making a killing. And a college education has become terribly expensive. A four year degree now costs more than a two story house in many states.

http://www.bing.com/search?q=college+loan+scams&form=MOZSBR&pc=MOZI

[Osage Orange]

The better answer...is the student under their own free will...took on those loans. Nobody held a gun to their head.

I have a daughter...that will have a 4 yr degree in Legal Studies this yr....and it didn't cost her OR me...( Ha!! ) an arm and a leg.

She went to a J.C. first..and got her A.S. and a creditial...( Para-legal ).

FWIW-