Read Matt Taibbi: College Loan Edition

I really cannot do justice to Taibbi's treatment, but it is classic Taibbi.

His basic thesis is encapsulated in this paragraph:

But the separateness of these stories clouds the unifying issue underneath: The education industry as a whole is a con. In fact, since the mortgage business blew up in 2008, education and student debt is probably our reigning unexposed nation-wide scam.

The solution is relatively straightforward:  Change the law that forbids debtors from using bankruptcy to discharge their debts, and change the loan program so that it no longer encourages tuition inflation.