The government wanted more people to go to college, so they offered loans to anyone who wanted to use them to go to college.

Colleges realized loans were getting approved no matter what, so they raised prices because why not.

About 20 rich kids took out loans to attend Harvard Business School, then filed bankruptcy to avoid paying back the loans and because their families are so rich they don’t need to borrow money, so 7 years later, bankruptcy rolls of your record and you have a “free” education.

The government looked at that and decided they didn’t want anyone else doing it, so they passed a law that says student loans can’t be discharged if you file bankruptcy.

So, skyrocketing tuition costs, leads to skyricketing debt, combined with no way to escape the loans, and that’s how we have a “student loan crisis.”