[Nevermark]

I would assume that students getting into competitive schools were more informed (whether or not that resulted in a good decision).

> I don't have a whole lot of sympathy

It is a big objective problem, for the students and society. So even without feelings, some kind of incentives need to be better aligned with reality.

Limiting student loan repayment terms, with a limited percentage of student income recoverable to banks, would certainly incentivize banks not to help students get in trouble.

Telling basket weaving majors that they are welcome to do it for love, but to expect to be paying for the degree themselves up front, or with an ongoing job, represents the desired outcome, in simplified terms.

[WalterBright]

It's a lot easier today with google to be informed than in my day. All the information needed is a couple of searches away.

In any case, and I know this isn't a popular thing to say, but when you're 18 it's time to take responsibility for your choices, and time to stop saying your choices are other peoples' fault.

[Nevermark]

> I know this isn't a popular thing to say, but when you're 18 it's time to take responsibility for your choices

I don’t think that’s unpopular or the least bit controversial. Obvious, no?

But ending the story there isn’t productive. So perhaps it is not a popular reason to not consider other factors & improvements.

Individual lack of conscientiousness isn’t the only factor.

Students being handed loans, for whatever ill thought out career plan, with no immediate need for payback, facilitated by market warping government encouragement, schools whose incentive is obvious (they get most of that money), and banks who see students as easy marketing targets, is a systematic upfront incentive/road to the original ill thought out career plan, but now saddled with overwhelming debt.

Such a colossal amount of economically mismatched careers and debt that the topic is a regular subject of national politics.

There is an entire system of active influence, causality, conflicts of interest & responsibility there too.