Regarding Bigelo's two reasons for the massive student loan debt, regarding #1, yes, misleading young Americans is a key component of BHO and his minions' strategy, to dumb them down into pliable slaves for the new socialist order, and regarding #2, yes, the "fat cats" could be taking advantage of the extra money by jacking up tuition.
But, I wonder if top university management was utilized by the Democrat political machine,
giving large donations to the BHO campaign, in exchange for a promise to implement this
massive student loan program. This would be stunning if proven. Not enough that college students and staff/faculty are already in the Democrats' pocket. Power can just be bought anywhere, it would seem.