http://www.nytimes.com/2010/05/29/your-money/student-loans/29money.html?pagewanted=1 Who is to blame? Stupid mom and stupid daughter. Not for being poor and going to NYU, but for being poor, going to NYU and getting a WORTHLESS degree. It's just a terrible example on which to base an article, asking this question. You would have to assume that most people going to college are going to be more responsible than people who took out the liars loans for their mortgages, if only because you cant bankrupt your way out of the debt... but is another meltdown imminent?