When did I say the debtors were the problem? I'm all for free education. A third option is that students have been propagandized by parents and society that "any degree will get you a job," discounting that when their parents went to college, it was cheap and loans weren't necessary (due to the government guaranteeing all student loans and disallowing discharging in bankruptcy thereby inflating college prices and thus loan amounts), and that there was less competition from other people getting degrees such that companies did hire people with any degree and trained them on the job.