also learned that student loans are not able to be defaulted on in bankruptcy. So I would guess that many univ loan students will be screwed by the wage deflation
1 graduate & get a univ-degree requiring career, but face the general wage deflation or stagnation in force in the US since ~1980.
2 underemployment - graduate & don't get a univ-degree requiring job. or have it & lose & work a blue collar job.
3 the dropouts. With the exceptions of a few Kanyes, most will be screwed by the loan burden.
It would be nice if the model of the AP program, had video lecture & textbook materials in open source formats, freely available, such that maybe at least 1 yr of the BS degree could be done cheaply. Also strengthen community colleges. But this would help Avg Jane, & not 1% special interests like Univ admins, or student loan security investors. *smh*