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Something needs to give, this level of student debt isn't sustainable, there are solution around like what you suggested above but you have to think like the capitalist, is this profitable....I realized awhile ago that the system is built on credit, so the only solution they would adapt is one that is profitable for all parties involved....We have so much for-profit institution popping up all over the place and its becoming mainstream....only when the masses rebel or the system cracks and cave in on itself, would be change....even then they have the Federal Reserve to save the day and if that doesn't work then Congress steps in and pass a bill and the tax payers would pay for it.....in other words, THEY AIN'T IN A RUSH TO CHANGE....IT MUST BE PROFITABLE NOTHING TO DO WITH EDUCATION