I don't completely blame the kids. You can't expect a sensible business decision to come from the average public school 'graduate'. If fact, considering the mental state of most of these kids, and what they get in return, this could be considered predatory lending on steroids.
student loans make sense IF universities provide something of value.
The universities today are degree mills.
law schools have more seats than students. (see NY law students suing their school)
A degree was an insurance policy for empolyers to imply competence. Today it is meaningless.
Here on FR we have been saying university educations are left wing worthless.
These do nothing stinky hippies just do not have the gray matter to make the analysis. they are just in pain.