The price of a college education has gone up and up and the colleges have done little to keep the cost in check. College loans can not be removed by bankruptcy, they are with you until you pay them off unlike other loans. Many college graduates were told by the colleges that the degree would assure them of a job that would pay enough to pay off those loans, when it has not and will not. The bankers got bailed out and our sons and daughters are now being screwed by those same banks and by our own Government who insured those loans.
Did you know that the average college professor earns over $100,000 a year and is in the class room less than 20 hours a week.
IF I were one of those college graduates who is now facing a life of indentured servitude because of college loans and no good job prospects 1 would just tell the banks to go to hell and join the underground economy one way or another.