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Did housing market affect private student loans?

I saw that many private student loan compaies stopped offering student loans to 2 year colleges and some got out of the market all together. Is this directly related to the housing crisis? If so, then why not also bail people out of their massive student loan debt if they're gonna help people with their houses? I don't see how it's anyone elses fault other than the people who got the housing loans. I couldn't figure out what section this question belonged in so I made an educated guess.

Public Comments

1. That would be the "two wrongs make a right" contention. No, they're not directly related, but the credit markets are all skittish about higher risk lending, so indirectly they feed on one another.