You’re a drug abuser, I’m a drug dealer. I can’t sell you drugs without money. I have a friend who can give you a loan if you convince him, then you can pay me.

I know the drug dealer is not issuing the loan, but the dealer accepts and facilitates it. I’ll make it clearer:

I’m a drug dealer that doesn’t care where you get your money. If you rob and kill someone and bring me the money, I will take it.

So how does the dealer facilitate this entire institution?

They take the money, simple as that. If a drug dealer was a legal entity, they’d be sued into oblivion. These schools may as well be selling kilos of coke.

I’ll go one further:

I’m a drug dealer, currently you have no drug addiction. I cannot make money if you don’t have an addiction. Let me convince you need to take this drug.

The dealer creates the market for the loan too. Higher education needs you to take the loan.