Academic Rambling: College Debt

So I was reading an article in a journal today and it got me thinking a little bit about the attacks that the government throws on the higher education community, calling them expensive and not providing results. In fact, Secretary Spellings' commission on the future of higher education essentially does just that and attacks colleges for being expensive and getting in our business when truthfully they're just angry that liberals have a bastion of power.

But isn't there a bit of hypocrisy in not attacking credit card companies for targeting today's youth. In truth, student loans are much better debt to have compared to high interest rates that are not deferrable while the student is enrolled in school. That kind of debt that requires a monthly payment would put a much bigger strain on a student's academic performance and ability to fund their educational experience then the amount of student loans they get. But I don't hear a big attack on the credit card companies for their loan-sharking (I say this with no bias being one of the people who they targeted and snared in many years ago). The destroyed credit of an individual who gets credit cards in college is so much worse than extra loans to pay for education. Maybe the government can do something about that. Oh wait they did, they made it harder for people to declare bankruptcy.

If only I knew a senior analyst who could fix this ridiculousness of government overreaching.