Student Lender's Bailout was in May 2007

This is perhaps the most disturbing aspect of the student loan crisis. The government bailed out the banks that were participating in the student loan market in May 2007, yet the banks have shown no mercy to the students who have fallen in the economy.

“We have some tough times coming, we are so used to doing what we want when we want,” Moult said. “Everybody is going to have to be re-taught. The younger generation is not in a good position right now.”

That is an understatement. This quote is taken from The Volante Online which sees the coming shortage of private student loan money.

We think that the shortage of money may help keep college costs down, and will be better for everyone in the long run. There will be short term pain, however.