Still, Mr. Collinge underplays the extent to which defaulters bear responsibility for their plight.

WSJ: A Lesson in Finance

To help people out of that web, Mr. Collinge urges "standard consumer protections" for student borrowers.

WSJ: A Lesson in Finance

Collinge founded StudentLoanJustice.org back in 2005 to address predatory student loan lending.

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Here Mr. Collinge does a real service with a chapter on what students need to consider when they make financial arrangements for school.

WSJ: A Lesson in Finance

On Thursday Mackay appointed three former Watford colleagues to his backroom staff, with David Kerslake, Richard Collinge and Joe McBride all quitting Vicarage Road.

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The research was carried out by a team from the UK's Medical Research Council Prion Unit at the Institute of Neurology led by Professor John Collinge.

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In these and other respects, Mr. Collinge argues, major lenders -- most conspicuously, the government-created company Sallie Mae -- have rigged the rules against consumers and competitors.

WSJ: A Lesson in Finance

Both private and government loans, however, lack "the most fundamental protections we take for granted with every other type of loan, " says Alan Collinge, founder of StudentLoanJustice.org, an advocacy group.

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