Decades ago some law and medical students would declare bankruptcy to avoid paying off their expensive student loans. Now irresponsible Senator Warren wants to make loan defaults an American ideal. One reason tuition has escalated is because government backed loans are easily obtained and of no risk to the banks that make them. There is no need for everyone to obtain a college degree. There is little demand in industry and business for graduates with certain majors. Wage earners do not need a college degree to perform their duties. Supply vs demand impacts the cost of attending college. When instate students have to compete with out-of-state and out of country students the cost will increase. The federal government should not be granting loans and scholarships to college students. Increasing manipulation of the academic market will just further deteriorate its imbalance.