In short answer: YES.

Here is how:

Blockchain technology is poised to disrupt every industry.

Unfamiliar with Blockchain? You are not alone...

When it comes to education, what you need to understand is that Blockchain allows for the elimination of middlemen in a huge scope of industries.

It does this through what's called "Smart Contracts".

Here's how this works:

Let's say Pete wants to buy Tim's house. In the past, this would require a huge number of middlemen to get involved... It would be impossible for Tim and Pete to just exchange currency for the house.

With the help of the Ethereum blockchain, this is no longer the case.

Through the power of smart-contracts, Tim could send Pete the deed to his house over the blockchain once a certain amount of currency has been transacted.

Check out this post on the Ethereum subreddit that details out this process:

https://old.reddit.com/r/ethereum/comments/7p155y/i_just_warranty_deeded_my_house_into_an_ethereum/

So what does this mean for student loans?

It means that, more than ever, SCHOOLS ARE PREPARING STUDENTS FOR JOBS THAT WILL NO LONGER EXIST.

Quite soon, anyone paying attention will easily see the bafoonery being propagated by the mainstream education system.

Take a moment and consider what a young kid raised to be familiar with the ramifications of Blockchain will have to say about the mainstream college system...

That individual will likely be educated beyond where we are today.

Have you talked to smart 18-19 year olds lately?

They are technologically fluent beyond anything that even me (a 26 year old) is capable of understanding... Although maybe I'm just a bit slow ;)

But here's my point:

If you think that student loans sound like a bad deal TODAY, give it another 5 years and the obviousness of the scam will be clear as a used car salesman in a parking lot.

Every industry is about to be disrupted.

Jobs will be radically changed.

The education system is drenched in red tape that will prevent them from adapting.

I believe the citizenry will demand a better way... One that they realize they can engineer themselves way easier than anything the government organizations can assemble.

The end of the education industry as we know it is at hand.

-Excelsior 6