The universities are responsible for much of the debt. High costs for worthless degrees.
Actually the university are just feeding off the federally guaranteed student loan program (thanks to Obama). They’ll throw money at any idiot whether or not they have even the slightest chance of repaying that loan. There are no qualification requirements. And the universities just keep increasing their tuitions... because they can.
It’s the subprime mortgage crisis all over again. And guess who’s on the hook for that?