What's Really 'Immoral' About Student Loans : It's not so much the interest rates charged. It is, rather, the principal of the thing.

Professor Glenn Reynolds reports:

In the student-loan world, there's immorality to spare—not in the still historically low interest rates, but in the principal of the thing. Student debt, which recently surpassed the trillion-dollar level in the U.S., is now a major burden on graduates, a burden that is often not offset by increased earnings from a college degree in say, race and gender issues, rather than engineering.