If you step back and take in the wider view, you can see there is a business model for enslaving people without enough money. It works like this, you offer to give them money for something they want, even though they can't really afford it, and then you can add penalties and interest to garnish their future income until they die.

This is the business model of payday loans, you offer a loan until pay day, but they never have enough money so you "roll over" the loan and you're always owed interest. You create a situation where not only will the person never be able to pay you back you can milk them for anywhere from 5 - 50% of any money they manage to acquire. You have effectively enslaved them.

That was the same model used in the sub-prime mortgage crisis except there are two problems with sub-prime mortgages, one was they are usually no-recourse so you can just hand over the keys to the house and "pay them off" and they are dischargable in bankruptcy while the primary residence is protected.

So these leeches have turned to student "loans." Not dischargable in bankruptcy, you pay until you die. Check. At risk population that feels they have to have a college degree? Check. A set of 'for profit' schools willing to set aside any sort of moral principle so that they can transfer money to themselves? Check.

The predatory lenders stepped right into that ideal environment and have been convincing people left and right that things will be so much better and all they need is "education" and its easily within reach because they can "finance it."