If the easy loans had not been there, the unsustainable tuition inflation would never have occurred.
My ex went to Bennington, and tuition there was probably $14K when I, okay, my parents, were paying $1K for me to go to a state school. By the end of four years, it was up to $1500/year tuition.
The only reason college tuition rose at 10 times the rate of inflation was because the colleges knew that their dumb 18-year old customers would borrow whatever the colleges decided to charge.
Add federal goverment loan guarantees, and we are off to the races.