Not only that, but Obama and con-gress decided in 2009 that former students working in government or non-profit deserve better treatment than people who actually produce in the free market.
See the Public Service Loan Forgiveness (PSLF) program:
https://studentaid.ed.gov/sa/repay-lo...

The "student loan" business looks more like a scam to enslave people, enrich lenders and the "higher education" industry, and empower government than a "public service." Reminds me of indentured servitude.
There is not enough free market demand for college graduates to pay for their training and political indoctrination.
Shut down the entire program. Let the weak players in the higher education industry collapse if the free market won't support it. Like banks, they are not too big to fail, nor is a college education in African American or Women's Studies a right guaranteed by law. Life will go on with small banks. Life will go on better if colleges have to respond to free market needs instead of wasting resources on socialist political propaganda.

http://www.usdebtclock.org/
Twenty trillion here we come
Big Brother's where it's comin' from
Woo! Woo!
We be a chuggin' down a broken track
Clickity-clack! Clickity-clack!
Once we crash there's no way back!
Woo! Woo!
Pour on the steam! Pour on the steam! Make choo-choo fly!
Who will Big Brother be when he makes himself die?
Woo! Wooooooooooo!

It has been said that a camel is a horse put together by a committee. But, a horse put together by the government would be an armor plated Jeep with rocket launchers the entire thing being obsolete the moment it's produced. So, why should anyone expect that the collecting of defaulted student loans would run smoothly and efficiently.?

Come to think of it, a camel is truly a beautiful thing. It is perfectly adapted to it's climate and its ability to survive under abominable conditions is unparalleled.