http://www.pbs.org/now/shows/525/

This is an older video from December 2009 but it is still very relevant today. It's quite long, but it gives an excellent perspective of the business of student loans.

I know people will say "if you take out the loans, you deserve to pay them back." But when does it go from a matter of personal responsibility to flat out extortion? Why have we made it so difficult and expensive to obtain an education when it would justifiably benefit our country? Why have we allowed private banks and lenders to use our taxpayer money to make themselves profits? Why do we allow bailouts for corporations and banks and allow them to file for bankruptcy when they make mistakes and take risks but cannot give the same satisfaction to the people who just want to create a better life for themselves?

All I know is the system is broken...and somehow needs to be fixed fast!