Come on, we are relying on 17/18/19 year olds to do a proper financial risk analysis on _debt that can never be bankrupted_? Adults have created this mess, don't put the blame on students 'doing what they've been told' e.g. go to college (more prestigious the better, too)
Colleges have a literal vested interest in keeping kids stupid about loans and debt. There should be a million places you have to sign, with big red disclaimers about the responsibility you're about to undertake. Who else is to blame? You signed the paper work. I was once that age, and decided not to go into crippling debt. Many, many young people decide not to fall for the trap. Alot of naive ones fall for it tho.