<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>TheRealDunkirk</author><text>Now I read that Wall Street is creating CDO&amp;#x27;s based on these loans, like they (continue to) do on mortgages. Some people die &amp;quot;early&amp;quot; without paying back these loans, and sometimes, they will owe more than they took out. Given the mounting problems with the numbers here, it seems a whole generation of people in the middle of this bubble are going to go to the grave while still owing on these loans. What happens to these CDO&amp;#x27;s? Are we headed for a smaller &amp;quot;meltdown?&amp;quot;&lt;p&gt;I went to school from 87-91. I could already see the problem starting. I was hoping this bubble would burst before my own children went to school. Two of three have gone to public schools so far, and we&amp;#x27;ve paid through the nose for it. We are pushing our third towards some sort of trade school.</text><parent_chain><item><author>GartzenDeHaes</author><text>&amp;gt;  lenders that are taking on too much risk&lt;p&gt;The lenders are taking no risks since these loans cannot be discharged through bankruptcy. There are also very large late fees and penalties that can triple (or more) the amount owed.</text></item><item><author>taeric</author><text>Worse than just &amp;quot;backed by the federal government,&amp;quot; the loans are basically protected by the government.  Being one of the small list of things you can&amp;#x27;t bankrupt out of, the risk in giving out the loans has been fully pulled from the lenders.&lt;p&gt;It is frustrating to hear the discourse over the inappropriate students that are taking on too much debt, all the while ignoring the lenders that are taking on too much risk.  At least, they would be taking on too much risk, if they hadn&amp;#x27;t captured the market so effectively.</text></item><item><author>eschulz</author><text>Makes sense when you have student loans backed by the federal government. If an 18 year old with no money and no credit history gets accepted into a qualifying university, she will be able to receive a loan since the bank knows that the government will protect their investment if she fails to pay them back. So now young people have this easy access to credit, and universities can greatly increase tuition and fees with the confidence that their admitted students will be able to pay.</text></item></parent_chain></comment><story><title>Tuition costs have risen 710% since 1983</title><url>https://statecraft.beehiiv.com/p/student-loan-debt-forgiveness</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>chiefalchemist</author><text>In other words, the government gave the leaders license to do &amp;quot;predatory&amp;quot;.</text><parent_chain><item><author>GartzenDeHaes</author><text>&amp;gt;  lenders that are taking on too much risk&lt;p&gt;The lenders are taking no risks since these loans cannot be discharged through bankruptcy. There are also very large late fees and penalties that can triple (or more) the amount owed.</text></item><item><author>taeric</author><text>Worse than just &amp;quot;backed by the federal government,&amp;quot; the loans are basically protected by the government.  Being one of the small list of things you can&amp;#x27;t bankrupt out of, the risk in giving out the loans has been fully pulled from the lenders.&lt;p&gt;It is frustrating to hear the discourse over the inappropriate students that are taking on too much debt, all the while ignoring the lenders that are taking on too much risk.  At least, they would be taking on too much risk, if they hadn&amp;#x27;t captured the market so effectively.</text></item><item><author>eschulz</author><text>Makes sense when you have student loans backed by the federal government. If an 18 year old with no money and no credit history gets accepted into a qualifying university, she will be able to receive a loan since the bank knows that the government will protect their investment if she fails to pay them back. So now young people have this easy access to credit, and universities can greatly increase tuition and fees with the confidence that their admitted students will be able to pay.</text></item></parent_chain></comment><story><title>Tuition costs have risen 710% since 1983</title><url>https://statecraft.beehiiv.com/p/student-loan-debt-forgiveness</url></story>