Looks like student loan debt is a major undertaking by a student if they do not end up with the ability to repay
Also looks like a big winner for the loan industry.

Discovered this website today looking up articles on socialism.
They looked like informative articles so I thought I would pass them along. I would certainly pass them along to someone out to obtain debt for higher education. Best know what they are getting into.

part 1

http://www.wsws.org/articles/2010/nov2010/loan-n03.shtml

part 2
http://www.wsws.org/articles/2010/nov2010/loan-n04.shtml

related article [ investigative report about student loans ]
http://www.wsws.org/articles/2010/nov2010/loan-n05.shtml

student loan debt clock
http://www.finaid.org/loans/studentloandebtclock.phtml