Correct but my point is it wasn't a bunch of bankers just convincing the poor poor student to do it.This is true, but there was an age of people that I would guess are 50 all the way down to maybe 35ish that were constantly indoctrinated that student loan was "good debt" at the same time that going to college was no longer really a solid indication of being a good or even better than average student. Even when I was in school, I remember some guy talking about how he was going to change majors and spend an extra year and his debt would only go from like $50k to $60k or something. And he was I think changing to history or poli sci, but said it was "good debt". I thought he was stupid at the time, but even though I was reasonably smart about finances for a senior in college, I still don't think I realized what an albatross that was going to be for that guy. I'm guessing he came out and either went into teaching or went into the service industry and probably had debt that was 2.5 to 3x his income. Granted, that's not the best example because he was probably 22 when he was making this statement, but for the 18 year olds coming out of high school constantly being told student loan debt is good debt, I have some sympathy for the idiots that did things like go to Washington and Lee and get a degree in English.
It was a "movement" (maybe that is a tame enough term for this crowd) that college was a must and any degree was worth it as long as you got it. It was stupid then and its stupid now.
But lets say you want to be a teacher and can't really afford college. There are ways to get it loans forgiven/paid. It requires some sacrifice (like teaching in the mississippi delta).