[mbesto]

> Incentives should be aligned with the societally-beneficial behavior.

Interestingly you've ignored all of the societal benefits of subsidizing education for all of society's participants.

> The world would be a better place if everyone acted responsibly.

This is way too reductionist. Of course the world would be better if people would just all be personally more responsible. Most developed nations don't have the concept of crippling debt due to education cost. Are those nations being irresponsible too?