Just look at the mayhem easy to obtain government backed student loans have caused in "higher" education - skyrocketing tuition and a bachelors degree being worth about the same as a high school diploma was in the 80's. But now with crippling debt for new graduates.
Yeah! But we are improving things!
This is a problem that, as far as I can tell, exists mostly in America. I doubt this is a problem in European countries where tuition is mostly free or extremely low cost to begin with.
Maybe the key for effective social programs is not to apply a bandaid but to fix the root cause.
The problem with anything is when you choose something you choose it's benefits and it's detriments. The other problem is that everything has benefits and detriments. So, no matter what you set the knobs, dials, switches and sliders to you always make things simultaneously better and worse. Sadly there isn't a solution to this problem, instead we just politic about things in and endless tug of war so that we are occasionally not on the losing end.