In the beginning of the 2019, the Association has addressed the US failed to follow the souls of the NDEA.  Since then, there were many articles written on this issues echoed the same concern with specific examples.  The bottom line of the student loan issues is due to failure on public policy because the vision of NDEA was ignored.  Everyone now jumped into the conclusion, including a think tank who flipped in their research conclusions.  Originally this institution said, there is no problem with student loans in the US a couple of years ago, then changed what they said.  Even the DOE and the US Congress said, that the Uncle SAM’s higher ed system is broken and that the country is facing the student loans crises.  When research is directed toward the sponsors’ interests, then it becomes bias and mislead the American public.
The impacts of the student loans on young Americans are obvious and significant.  We have discussed this issue about 4 years ago, which confirmed by the Fed recently.  It took this institution years to say it.  It does not need an Einstein’s brain to know that, not even a Fed.  But to understand the cause is more important than to know the consequences.  Knowing the impacts without doing any policy changes are, may be, useless.  AAEA has tried to go down to the root, but so far, Uncle Sam’s hand is tight by the special interest group.  This is a truly amazing fact that in this country where logical thought is highly praised, but in this case logic is defied and ignored.  So, would there be any solutions?  May be not, so long the actors think that 1 plus 1 is equal to anything other than 2.  Kids you better think it over before signing the promissory notes.