To tell the truth, I am in the defrauded camp, too. People have been told there were lots of jobs in their line of study, only to find out they were being mislead. Teaching is one of those subjects, too. I think the proper remedy would to let the debtors escape through bankruptcy, just like every other aspect of business and personal money handling. Another step would to be to make the colleges and banks the creditors, again and not the federal government. After all, where did it say in the constitution that the government should be lending money for education? Remember, all of the founders were well educated, themselves.