The media is starting to waken up to the college bubble that will soon explode in America. Now the realization that it is the government, for using college attendance as a means for vote buying, and colleges, foisting certificates in worthlessness, still hasn't dawned on them. The author blames private lending institutions and the fact that there is not more government oversight. I can't say I entirely disagree since allowing student loans to be dischargeable after so many years would restore some sort of monetary balance.
As it stands now the media, and most Americans, will see this simply as a lending bubble. They aren't wrong, however, as is all too often the case, they fail to see the college lending bubble is simply a manifestation of a deeper problem. That problem being the degradation of traditional college education for the sake of votes, college administrations, and teachers who teach classes on the sexual habits of aboriginal peoples. The college lending bubble only exists because it is politically unpopular to take an honest look at the value of most college degrees and college in general in the age of free information.