It is pretty interesting to follow the news on student loans.  A recent article appeared in Forbes reported that a for-profit education organization has cancelled about $500 Millions students loans.  This company does not do this voluntarily.  Rather, as part of a settlement with 48 states and the District of Columbia.  This confirmed again what we have hypothesized that each player in the industry has created systematic errors for the interest of the company.  The reason is simple for this is a for profit establishment–its objective is to make profit.  The institution that give this company to operate has to carry some of the burden or simply shows a failed public policy to let for profit organizations participated in the education industry, plain and clear.  Policy failure is apparent when more states step in to regulate the for-profit institutions.