Don't know why you guys place so much of the blame on the student. It isn't like buying a Ferrari and then complaining that it's expensive. This is like being TOLD by "experts" in every single facet of life that you have to attend college at any cost necessary, and that if you don't you will be a homeless bum with nothing to show for after graduating high school, and every single white collar job out there requires a college degree. And add to the fact of the government TELLING lenders to give tens of thousands of dollars to any person that can fog a mirror. Sure you could say that these inept 18yr olds shouldn't have borrowed so much money, but at the same time nobody is faulting the lenders (typically educated in the vast world of finance) that giving uneducated 18yr olds nearly $100k without collateral is a good idea. The only difference now is that Uncle Sam can garnish your wages for the rest of your life until your loans are paid off.
Just like the housing situation, the banks/gov't took on the RISK of lending tens of thousands to college students. Now instead of facing that risk through losses, they are turning these students into indentured servants. Capitalism without risk is nothing more than dictatorship. Winners have been chosen, and you are not in the 1%.