Agree 100%. I didn't mean to say the blame rests fully with the current generation, I'm just saying government policies going forward are just going to increase the moral hazard even more.
Off the top of my head, both the interest rate cap that passed this summer and the President's recent student loan proposals? What else would be under discussion here?
EDIT: nevermind, apparently both you and drcode are discussing hypotheticals only.
Those affect government loans, not the private ones which are the subject of the posted article. The loans issued by JP Morgan do not have their rate capped; indeed they float and are indexed to LIBOR.
