On the subject of delinquent student loans, it's been my observation that instead of public trade schools, young people must choose their vocational training from matchbook covers.
So often training is just a rip-off but still it qualifies for student loans. Young people with stars in their eyes sign their names to financial contracts for stewardess training, acting schools, so-called electronics and computer training, script writing, you name it. A large percentage of these students default on these loans. And why not? The training they received was more than likely worthless.