In my observation many students take excessive loans not only to pay for their education but also to maintain lifestyle (pizzas, beer, trips and so forth). Pay your debt, you slacker bums.
The sad truth is that many of the young people who take these loans are impressionable and poorly educated on how interest works. They certainly weren't taught about it in high school. These loans are marketed as "instant money now, worry about it later" and shoved in their faces from the moment they set foot on campus. It's funny that we tell our 18-year olds that they're too irresponsible to drink a beer but we'll allow them rack up debt equivalent to a home mortgage in four years.
Pay your debt, you slacker bums.
They would if they had jobs. Leaving college $100k in debt with a job at Starbucks or some temp agency waiting for them isn't going to provide salary to let them pay off these loans if they tried. How's the saying go? You can't draw blood from a rock. Little wonder so many college grads are moving back in with mom and dad. This balloon is going to burst and it ain't gonna be pretty.