Aren't student loans from the Navients and such predators of young adults who get fleeced by universities binging on their wallets the macro economic distribute

Aren't student loans from the Navients and such predators of young adults who get fleeced by universities binging on their wallets the macro economic distributed version of debt peonage? Why can't college be cheaper by like 2-3 orders of magnitude and reign in overspending on buildings and vast bureaucracies of excessive expenditure. I know of a university who has billions in endowment who leveled a $30 million USD donated office complex less than 8 years old to spend another $75 million on parking and another office building. The same university that spent $150 million on software that was never delivered.