Back in the day, you could make a lot of money by taking a run down house and flipping it to some unsuspecting kid. Flippers would find a house for 20k, paint it and find anyone with a pulse to sign the mortgage for 200k. The flipper walked away with the cash and the the mortgage would never get paid. Now today the flippers are opening pharmacy schools and finding any willing body to sign a 200k student loan note. They will soon find out they can't back the student loan and the schools won't care because they made their profit. This whole mess is the fault of our government....