Note that I was not arguing any case for the current situation in which students foolishly over-borrow and major in subjects that will not get them a job (since higher education has turned into a job-training program). I was merely pointing out that there are those who do benefit from being able to go to college with borrowed funds.
I was one of those who borrowed a modest amount, studied hard, and worked my tail off in my spare time to attain the degree that got me interviews which led to a fine career.
And I paid back the government every penny (plus interest) that I borrowed.