A handful of people make bad decisions, sure, but when large masses start making bad decisions, then there is a serious systematic problem that needs to be addressed beyond the specific financial burden on the students.

Just bailing people out without addressing the systematic problem is the worst possible thing you can do.

Here are just a few systematic problems:

- We send far too many people to universities and have no trade school infrastructure

- Our universities cost double per FTE than what other universities cost (per year). Universities are far too expensive with bloated admin staff.

- Our universities last far too long and are not selective enough

- Our universities allow students to graduate with unmarketable skills.

- Our universities are sitting on huge endowments and possess significant real estate assets yet these are not being tapped for the bailout

- students are given incorrect information or are not given accurate information about their future expected earnings and debt burdens.

- many students choose poor majors

- many students borrow too much, and the Federal government guarantees these debts.

I would be willing to listen to a comprehensive reform program. Clearly there is a problem that should be addressed. But just bailing people out to let this system continue? That's a terrible idea.