[moosehawk]

I believe the issue stems from a lack of education about the loans themselves that the student borrows. Very few high schools around the U.S. are teaching personal finance, and I also suspect the public high school I went to wasn't the only one not properly preparing their students for the financial part of higher education.

The process of getting accepted to a school and receiving financial aid may be long, but considering the student is borrowing tens (and sometimes hundreds) of thousands of dollars it's also incredibly simple.

[ctdonath]

Very few high schools around the U.S. are teaching personal finance

If public schools are going to promote using public funds for continuing education, it's their responsibility to teach how to use those funds.

The for-profit schools being accused here have no way to not accept those monies. Public agencies advocate public school graduates use public funds for continuing education, but do not teach what not to do with those funds and punish any organization which does not accept those funds. Looks like it's the "public" at fault here.