Why Should They Refinance?

A large percentage of that one point seven trillion dollar debt is professional training at post baccalorat institutions by people who now are making a fantastic amount of money. Why should they pay for it? And why should we tell the universities, you can keep raising the rate of inflation, room and board, higher than their annual rate of inflation? Because the moral hazard is the federal government is backing your loan, and so the student has no moral hazard, and you have no more. The moral hazard is with us, the tax payer. So i don't understand it. I'm 18, and i know all about finance. I think it's the same thing as a scholarship.