Why are you placing all the moral blame on the heads of borrowers, and not lenders? The simple fact of the aging baby-boomer generation demands national and gen

Why are you placing all the moral blame on the heads of borrowers, and not lenders? The simple fact of the aging baby-boomer generation demands national and generational scale saving. The only way saving works on that scale is by making promises to provide something of real value later - infrastructure breaks down, capital becomes obsolete, consumer goods get consumed, but debt will remain. The end result of people getting better at saving for college is that there's more pressure to make riskier loans in other sectors of the economy. Advertising budgets for 0 down 0% interest auto loans go up. Banks are more willing to loan out money for remodeling your house. Credit cards get issued for greater limits and to more people. At a macro level, the existence of pension funds and retirement savings means that as a whole, we are going to exchange current goods and services in exchange for promising to take care of the elderly in the future. If we tighten our belts, all it means is that interest rates go down until it balances out again. The only question is what sort of things we get today, and at what terms. Is a higher education experience the best thing to mortgage our society's future for? Cars? Houses? Health care? Ipads, televisions, and expensive lunches? tl;dr - savings and debt are counter-parties to each other. If we want to have retirees live comfortably by drawing down their savings, we necessarily have to have current workers paying off their debts. If current workers as a whole set their lives up to shovel less money into student loan debt, it'd kick off systematic processes that increase how much of their other debt they end up paying off.