According to Matt Taibbi in an article for Rolling Stone titled "Ripping Off Young America," the problem with student loans was not the interest charged but the

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In the article, Matt Taibbi argues that the problem with student loans is not the interest charged but the rising principal amounts due to tuition inflation, which he refers to as the "real scandal." He cites examples of colleges charging exorbitant fees for amenities like luxury dorms and climbing walls, which have contributed to the skyrocketing cost of tuition. As a result, students are graduating with more debt than ever before, which he argues is unsustainable and ultimately harms the economy as a whole.

According to Matt Taibbi in an Article for Rolling Stone