I am not american, but how do so many people decide to get a student loan? Is that the same scenario of 2008? Are there loan sharks for student loan? Do univers

I am not american, but how do so many people decide to get a student loan? Is that the same scenario of 2008? Are there loan sharks for student loan? Do universities encourage student to get a loan? Are there a lot of people who are going to default? It sounds like a new 2008 all over again.