"I don't see how anyone wins from this system other than the collection industry," said Adam S. Minsky, a Boston-based lawyer who represents student debtors.
The thing is, that's precisely the point of the system. The same can be said of health insurance. It isn't to service debt, it is to prop up an industry that has grown around servicing that debt.
The thing is, that's precisely the point of the system. The same can be said of health insurance. It isn't to service debt, it is to prop up an industry that has grown around servicing that debt.