Game of Loans: The Rhetoric and Reality of Student Debt

Why fears about a looming student loan crisis are unfounded—and how they obscure what's really wrong with student lending

College tuition and student debt levels have been rising at an alarming pace for at least two decades. These trends, coupled with an economy weakened by a major recession, have raised serious questions about whether we are headed for a major crisis, with borrowers defaulting on their loans in unprecedented numbers and taxpayers being forced to foot the bill. Game of Loans...