Not disagreeing with you, just adding: Debt is not inherently bad. If the concept of debt didn't exist our society would hardly have advanced in the last 2000 years. We owe a ton of our society's development to the fact that bankers exist, otherwise only a handful of people throughout history would have had the resources to build ships, open new businesses, build factories, new technologies, etc, and there would be zero competition.

Student loan debt has ballooned. That's because there are a lot of people going to college that really shouldn't be going to college. And yes, there's some greed involved too: people are willing to take out loans and pay for school, so the schools charge as much as they can get away with. But most schools (believe it or not) reinvest that money into better facilities in order to attract more and higher quality students.

The problem here isn't debt. There are people who want to go to college and who should go to college that need debt to get there. The problem is in the fact that people who should have learned how to weld in high school are pressured to go to college and find an office job, because we've told ourselves (or our parents have told us) that learning a trade is beneath us and that not going to college is awful (it's not).