Taxpayer money should not be used to fund unsecured debt. It is ridiculous the financial aid counselors tell students "you are entitled to $132,000 in federal aid for college" but do not insure that the potential students have any way to repay the loans. Many people are using this money to live on and will have no way to repay. I am in my 60s and was offered one of these loans- which I would probably never live long enough to pay off , if I took it. Federal aid aka welfare needs to stop. People can work and go to school and pay as they go!