High Priced Student Loans, Bad Credit Borrowers, Private Schools, and the Bad Economy.
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Lately, news have reported on Private Schools aggressively pushing programs to educate the unemployed workforce with the lure of helping them gain practical skill-sets that are in demand in the market (I mean, I am not sure what is the actual demand for office medical assistants, but there is a lot of television advertising for it).
As the market grows fueled by easy credit offered by the student loan companies, students may be incentivated to gain skills that may not be in demand in the market, ending with more debt at the end of their studies and no job prospects.