Student loan debt will still be owed even after a bankruptcy... its one of the debts that you can't get rid of.
I don't disagree with you that education has become a business.
But how is that the government's fault when there are exactly 0 federal colleges (outside of military)?
Colleges are STATE or PRIVATE.
Perhaps then, loans should not be made at the federal level at all. they should be done so at the state level for state schools and private sector for private schools.
Costs are ridiculous because every school keeps trying to expand, upgrade, add new stuff, etc to remain competitive.
I recently visited my old college campus.
Since I left there, there's 2 new dorms, a new library, a remodeled student center, and a few neighboring housing became offices/property of the school.
When I went, tuition was $365 per credit hour
Today, it's 634 per credit hour.
so, in 15 years, it's doubled.
but so has everything else, and then some.
gas was 99 cents, now its $4.
min wage was $4+, now its $8+
a new civic was 11 grand.. now 22
books were 100-150... now 200-300
So, please, tell me what exactly I'm missing besides inflation?