Out of America: Going to college? Watch out for Bush's bandits - Independent Online Edition > Americas: "In a way, the US student loan system resembles the over-layered health-care system here. Just as America rejects the single-payer health system embraced by other advanced countries, in the name of choice and a fictional 'efficiency', so it privatises student loans. But like the health insurers, the private lenders are in business to make a profit.
And as these middlemen prosper, college education costs grow faster than any other sector of the family budget (with the exception, of course, of health care). Thus inflation-adjusted student debt is up 60 per cent in a decade, and the US student loan business is now worth $85bn. "
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