If students rely on loans using their own credit and not their parent's assurance or property, it is no wonder that the rate of defaults on obligations of students is higher than the rate of other economic subjects. Students don't have income until they graduate. Therefore, they obtain student loans which are based on the income which they will  receive in the future. The future incomes are not certain, so credit scores are very low. According to their low credit scores, the interest is very high. 

 Recently, the increase of credit defaulters in their twenties has been the result of the increasing burdens of educational expenses and delayed employment. We can find the fundamental reasons in overeducation, lack of employment and the excessive expectations of students looking for jobs.

 The policy about student loans should be expanded by assurance of the government, and the government should lower the interest rates of student loans through a subsidy.

 Chungbuk National University's tuition is cheaper than the tuition of other private universities, but we can see many students who work at part-time jobs and get student loans to arrange their tuition. The government should know how the school support fees are used and investigate what unnecessary expenses exist. The government has to seek a solution to lower the tuition for reducing the financial burden.

 The youths become credit defaulters because of tuition not gambling or business failure. Of course, they has their own responsibility, but the government doesn't have to overlook this situation. Although  the best way is for the government to lower the tuition, it is not realistic. I think universities have to revitalize various scholarships and offer them to students who are in need.