<p>Personally, I think parents are the ones who should bear the responsibility for these bad decisions. I’ve seen a lot of bright kids who can solve complex calculus problem, but have little financial knowledge. Do parents no longer teach their children the basics of loans, interest, taxes, savings, etc? Most 17-20 year olds with little real life experience don’t fully understand the impact of 100k in loans. Plus, they tend to be naively idealistic about job prospects. So why do parents co-sign these loans and doom their children to a future of debt? Maybe mom should get that call at 8 am! </p>