All the check boxes in the world still can't obtain consent from a child. And make no mistake - someone about to graduate high school, herded by their parents and other authorities their entire life, is a child.

It's time to admit the failure of this particular financial engineering scheme, and close it down. Rather than complaining about the money that has already been lost, be diligent in preventing whatever government-handout the industry scammers are cooking up next.

That's why an actual example with numbers is important, like the other replier.

Also should add the typical earnings for person with the desired degree, with history.

There's probably a case to be made that students were conned into unrealistic loans.

To pay back a 100k loan at 4.5% interest (reasonable guess) in 20 years, you've got to pay about 7.5k a year or about 25% of that theoretical person's income. That's a heavy lift.

Just doing the math.