For those who havent figured out what's going on, let me summarize it.
From around 2009 until 2015'ish, the govt practically gave money away to anyone who could sign their name on a piece of paper stating they would use it for school. Kids using the money for everything from drugs, to partying, new cars, you name it....oh, and school.
Now that party has ended and surprise, surprise, those loans aren't being paid back. Without the govt giving away money, guess what?
There's no students anymore.