Comment Re:You think the housing collapse was bad (Score 1) 917
"Either large segments of the population are going to have to give up on college or they're going to have to put themselves in a position where default is almost an inevitability."
So you're assuming that there is no middle ground? The choices are bankrupt for life or no college at all? How about an in-state institution with a scholarship or two. This is obtainable for a reasonably smart person. I did this, and I paid off all loans in just about one year. Sure, I did not go buy a brand new car after college, but I am debt free and loving life.