Writing in the New York Times, Kevin Carey details the experience of a high school English teacher, now 48, whose loan debt has reached $410,000 (and continues to climb). A sad story, leading Carey to say:
. . . the federal student loan program has been removed from the norms and values of prudent lending. Because the Department of Education doesn’t consider risk, it takes no responsibility. If life, luck and bad choices leave you $410,000 in the hole, it’s all on you.