Good discussion.
With 11% delinquency rates, the student loan bubble is about to pop. Kudlow is deeply suspicious taxpayers will be covering the check.
As of September 30, Federal (not total, just Federal) student loans rose to a gargantuan $956 billion, an increase of $42 billion - the biggest quarterly jump since 2006.
A personal note -- when I graduated from the University of Virginia in 1988, as an out-of-state student, the tuition bill for 4 years was approximately $25,000. In 2012, that wouldn't buy a year at UVa. So much for Jefferson's academic utopia.
Spout off. Should we bailout student loans...?