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 Current Situation with Student Loans is a Travesty: The current situation with student loans is a travesty, no doubt about it. Nearly 45 million people have taken out student loans and together owe over $1.6 trillion. Federal student loans account for a sizable portion of this total.

This shamble is, therefore, the fault of the federal government. The credit was provided by it. The result was higher education bubbles and a workforce of entitled, pseudo-intellectuals thanks to the federal government’s generous provision of student loans.

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