And as Mr. Harper points out, 7% default doesn’t mean that 93% of the loans are getting repaid.
http://thelawyerbubble.com/2015/11/04/legal-educations-strange-bedfellows/
In sum, this many people with this much taxpayer-funded debt with little or no hope of a job that pays enough to pay off the debt is bad for everyone-these students, the taxpayer-and really everybody, because everyone loses except the law schools pocketing the cash.