https://www.joannejacobs.com/post/at-an-average-university-the-average-student-is-functionally-illiterate
Seriously, why are we using federal funds to loan money to people too stupid to be in college? And, if someone had access to student loan data, and this group, my bet is you find a large amount of people defaulting on large balances.
Colleges should be required to refund money to the people too stupid to be there. Not taxpayers.