<p>In terms of recent history, perhaps, even with Sallie Mae you are either confusing private loans with guaranteed loans, or perhaps refusing to acknowledge the difference in dynamics. Note:</p>
<p>[Suffering</a> the borrowing blues: proprietary schools likely to be most affected by lenders’ retreat from high-risk student loans, officials say | Diverse Issues in Higher Education | Find Articles at BNET](<a href=“http://findarticles.com/p/articles/mi_m0WMX/is_1_25/ai_n24919559]Suffering”>http://findarticles.com/p/articles/mi_m0WMX/is_1_25/ai_n24919559)</p>
<p>As for the proprietary career schools, that scandal peaked in 1990 and most of the offenders have been put out of business. The problem has been in decline ever since then. Here is a lengthy discussion of the facts in Texas, pointing out that the current loan volume due to career schools is down to 6%.</p>
<p>Finally, if by alleging that students don’t have adquate consumer protection you mean that student loans are no longer dischargeable in bankruptcy, I don’t see anything wrong with that. It was for too many years an easy way for deadbeats to walk away from their student loans. I don’t condone that as a financial plan any more than I approve of the people who are currently walking away from their home mtges.</p>
<p>[TG:</a> Student Loan Defaults in Texas: Yesterday, Today, and Tomorrow](<a href=“http://www.tgslc.org/publications/reports/defaults_texas/ins_hist.cfm]TG:”>http://www.tgslc.org/publications/reports/defaults_texas/ins_hist.cfm)</p>
<p>You are beating a dead horse on the trade school issue. And if Texas loan volume of 6% is reflective of the national rate, then you are misleading everyone by quoting that 544 billion dollar loan figure as being indicative of a perceived problem that used to affect career colleges but doesn’t any more.</p>