“The unlimited availability of student loans has allowed colleges to sharply raise tuition and fees over the past few years – often simply because they could (as they kept on hiring). The rising cost of higher education in turn forced students to take out larger loans and in greater numbers, increasing the overall loan balances. This feedback loop is clearly unsustainable, particularly as household income growth remains weak. Higher delinquencies are inevitable and as long as the government funds this program, there really is only one way to arrest rising levels of student debt.”
http://soberlook.com/2013/07/the-us-student-loan-problem-facts.html
