The student loan crisis
By Student loan debt in the US is approaching one trillion dollars (up from$180 billion a decade ago). Most of this debt is government-guaranteed and non-dischargeable — a combination which has very predictable effects for debtors and tax payers (they get shafted), and equally predictable effects for lenders (they get rich at the expense of the people getting shafted).
This post explores the issue in the specific context of legal education, but the problem is endemic to all of higher education in America today.