The Origins and Evolution of the Student Debt CrisisIt was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness; it was the epoch of belief, it was the epoch of incredulity; it was the season of Light, it was the season of Darkness; it was the spring of hope, it was the winter of despair; we had everything before us, we had nothing before us; we were all going directly to Heaven, we were all going the other way. Charles Dickens During all of this, the situation has greatly affected college students, who are taking on massive debt just to further their education. With student debt now being over $1 trillion, an examination is underway of how we have gotten into this scenario and how we can get our way out of it. The situation began in 1964 when Lyndon B. Johnson established a task force to examine the role of federal government in student aid, headed by John W. Gardener. The task force firmly believed that cost shouldnt be a barrier in attaining a college education; and to this end they concerned themselves with how lack of funds contributed to students being unable to attend college. Gardener focused on a study which revealed that one out of six students who took the National Merit Scholarship test in high school did not attend college. Of the students who did not attend college and who had families who could contribute only $300 or less to their education, about 75 percent of the men and 55 percent of the women indicated that they would have attended college if they had had more money available.[2] (emphasis added) Upon seeing this information, Johnson was shocked as he viewed the situation as a loss in human capital. This drove him to sign the the Higher Education Opportunity Act of 1965 into law. The bill included the recommendations put forth by the Gardener task force that the federal government should aid students in their journey to attain a higher education by providing loans, remedial classes, and grants to college-aspiring students, as well as special programs and projects for low-income students who have an interest in attending college. This allowed for low-income and middle-class students to have an opportunity to go to college. 