
There are disclosing parallels between student knowledge financial credit products and the property house mortgages that designed the regrettable homes percolate. In both circumstances, the management promoted possible goals— level and house ownership—to unwanted, through the overexpansion of financial obligations to amounts beyond the pay back ability of a lot of people. In both circumstances, the management confirmed much of the credit, placing the greatest risk of bad financial obligations on individuals. In both circumstances, financial obligations development had the price of the item being obtained (colleges and houses) to amounts maintainable only if financial obligations could always be improving. In house home mortgages, it could not, and the seeking fall raises the question: will there be a similar result with student loans?