Colleges are good at getting people enrolled. They get kids lined up with education loans. The money goes to pay exorbitant prices on textbooks. It pays for meal cards. Tuition is crazy high. Parents go along and shell out until their bank accounts are barren. What colleges are not good at is getting the kids degrees. And those without those degrees have a hard time getting a good job to pay back a student loan. [...] Student Loans Going the Way of Housing appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .