[inglor_cz]

"Easy money in the form of student loans is like throwing gasoline on a fire. Students’ debt to (projected) income is not weighed unlike any other loan. The debt cannot be discharged in bankruptcy. Colleges are happy to take all the money you can bring to bear."

There is one more factor. People at 18 aren't really fit to make such huge financial decisions, most of them don't have experience handling even 0,1x that amount of money. They are still pushed to, and the other party is much more experienced and stronger than them.

It is a masterpiece of college politics that students tend to turn "anti-Capitalist" and attack greed of private corporations, while completely ignoring that they are being fleeced in a predatory way by their own schools. Academic institutional greed is the true 400 lb gorilla in the room that few are capable of acknowledging.