<p>If any 18 year old can access loans for Beamers or houses in up-market communities with the same conditions that student loans come with, you’ll have loan problems in those areas too. Until the government gets out of the business of enabling 60k+/year schools to get money through these student loans, the problem will only get worse, and taxpayers will end up funding ever-escalating private school costs, with students used as pawns. If student loans for private schools are modeled after other customer loans, colleges will have an incentive to provide a product at the cost that it merits. </p>