As a society we've decide that people <21 aren't responsible enough to have a beer, but are responsible enough to take on massive amounts of loans. All of this while having government propaganda and society telling them since childhood that if they don't get a college degree, they'll be poor their whole lives.

Then the law was changed as well so only student debt was not dischargeable in bankruptcy while every other type of debt is.

It's disengenous to imply that these were freely made choices. Well running capitalism relies on information parity between both sides and not interactions where it's all of society and a massive industry trying to convince undeveloped minds to make bad choices