On: Why do older grad students become bitter?

[bryanrasmussen]

there will of course be a subset of people for whom the loans will be a very good risk, of those people some will fail despite it being a good risk - the unlucky.

there will be a subset of people for whom the loans are a bad risk but some of them will succeed - the lucky. It seems unlikely there would be many lucky in such a hotly contested area.

But most of the subset of people for whom the loans are a bad risk will fail.