In business headlines: News Article

Do we really want student loans handled by credit institutions versus the U.S. government? Not sure about it from a first-hand point of view; but it would be a bit worrisome that the interest rates, penalties and whatever fees they could associate with it would increase the overall debt of students??

It already troubles me that the U.S. banking industry preys so heavily on consumer debt. Now we are talking about people having to rely more upon their credit ratings (or maybe even having to developing one) and being subject to the private sector's drive of greed while trying to establish themselves in a career field.

Maybe it isn't that big of a deal. What does everyone else think? I REALLY want to know what people think that currently have or will be getting student loans!?!?