re: Probably been said but there is a fix to the student debt "crisis"

The people who make the loan and finance the loan need to be tied to the risk of the loan. We all saw what happened in 2008 when mortgage brokers would make any loan to anyone and mortgage buyers bought any loan regardless of credit quality. The student loan situation today is very similar.

The school making the loan and the people financing the loan need to risk their own money in case the borrower defaults. Then, they will be more careful about who they loan to.

When I was in college, you could only borrow about half of the total costs in your freshman and sophomore years, you could borrow a little more in your junior and senior years. This probably kept people out of trouble.

Those loans though were intended for people going to a four year public college. That program back then (GSL) wouldn't loan you enough money to go to a private college. I think Clinton changed that.