Student debt is a convenient target in a presidential election year, but it obscures the true crisis: high dropout rates from low-quality postsecondary institutions and the unmanageable debt borne by students of those institutions. And despite rising student debt, monthly loan payments as a share of income have remained steady, added earnings having more than offset the cost of debt for most borrowers, and Income-Based Repayment (IBR) plans offer borrowers protection from ballooning monthly payments.