The government, by way of elected leaders, promise increasing amounts of loans to college students under the guise of helping these students access increasingly costly schools of higher education, yet they are really just buying future votes (see, I made it easy for you to get someone else to give you a gigantic loan for a 4-year vacation! Now, vote for me again so I can try to forgive your debts, a la Bernie Sanders).
1. They have parents which should know better. (especially when cosigning loans).
2. They dont have to go to the most expensive school. I could have gone to a much more expensive school like NYU or USC but chose to go to a UC because thats what my family could afford and I didn't want 100k in loans.