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- Embed this notice@d4ad3b6eeaff13fe0ccac86d2294049798ae2e397796ada5be3196592e56e2a7 Yeah tha'ts not speculative, its government backed nonsense. If private lenders had to front this with risk of loss they wouldn't be giving kids majoring in "communications" those kinds of loans. Doctors, nurses, engineers, and I"m not sure what else. But when the States not only fund student loans, but even protect all student loans from Chapter 7 bankruptcy, not only are they printing money, btu they are driving up prices of education.