From Prager University, an explanation of how student loans drive up the cost of a college education and drive students further into debt:
My college days, both undergraduate and graduate, we more than 30 years ago, but I can attest how even then student loans were a scam: easy to take out, hell to pay off. I was lucky and able to pay mine off thanks to the dot-com boom of the 90s, but many, many others are still trapped with that burden, if they haven’t blown them off altogether. I can only imagine how the problem has grown worse since then. The system is in desperate need of reform.