How the Private Sector, Not Big Government, Can End the Student Debt Crisis

"A better approach to increasing access to education is to move student financing out of the hands of government and into the private sector. When government gets involved, all the risk falls on taxpayers. This is dangerous: For federal student loans, unlike most other public or private credit programs, students are not required to prove the ability to repay as a condition of receiving the loan. As a result, over 10% of student loans are in default."