CNBC's Rick Santelli and Daniel Pianko discuss the negative effects of government student loan lending.
On student loans: "This problem is growing ... taken together, you've got sort of this ballooning mushrooming effect of more and more loans on the Federal balance sheet that are growing each year," Pianko said.
"So it's having a knock-on effect throughout the entire economy," he said.
Pianko is a founding managing director of University Ventures, an investment firm focused on higher education.
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