This is just much about the banks and universities as it is about the students. Defaults are coming and the universities and banks are going to eat that, like they should. They failed to properly assess risk because they had the government as a backstop for their inflated tuition and their reckless loans.

This is just much about the banks and universities as it is about the students. Defaults are coming and the universities and banks are going to eat that, like they should. They failed to assess proper risk because they had the government as a backstop for their inflated tuition and their reckless loans.