pushing low interest and loose loan condition. In addition for-profit schools often use somewhat deceive ad to attract students who are not ready knowledge/skill-wise, having little chance to get decent pay but accumlate huge debt. Soon or late they will claim bankruptcy. However unlike mortgage, if home loan has large scale default like 2005-06, it directly sinks the housing market, a ripple effect in bond, derivative products will bring down the market instantly. While student loans, many are supported by goverment unlikely have such impact in short period.