A friend cosigned for her kids who got basketweaving equivalent degrees.
She lost her house. Living in a trailer on not much.
This will settle itself out, as debtors will penalize those who don’t repay debts.
Yes, a lot of people from the younger generations are going to be buried in debt because they picked stupid career paths and enjoyed college years instead of preparing for the future.
It’s the same old story but with bigger numbers.