Feature not a bug. Student loans were designed to do exactly what they did (very successfully): 1. Allowed Universities to exponentially increase tuition/room

Feature not a bug. Student loans were designed to do exactly what they did (very successfully): 1. Allowed Universities to exponentially increase tuition/room & board costs that would have otherwise been unaffordable by the market; and 2. Indebted millions of 18-22 years olds for the next 40 years of their lives or their entire working lives until they were eligible for social security at age 62. Perhaps what wasn’t anticipated was the job market and economy failing so miserably that borrowers wouldn’t be able to service their loans and default in mass, although this slowly occurred over 30 years so the writing was on the wall but like most disasters it was (and still is) ignored. Eventually things would turn so bad economically that student loan borrowers would in mass return home after college until their mid 30’s, forego marriage and children.