That could be a good thing. Age of person and age of debt are two separate things. There could be millions of 50+ years old people who accrued that debt in the past 10 years. My parents didn't get degrees until their 40s.
Rentier economics throughout the economy are crippling the working class and feeding the rentiers.
People finance their cars, their education, their music, healthcare, phones, laptops, just about any major appliance. You can even finance your food!
What exactly are you getting for your tax dollars?
It used to be the case that you could realistically save up money to buy a car or whatever. These days, so many people are living paycheck to paycheck that they can't afford assets at all, and forget about home ownership or other kinds of equity. Some may be lucky enough to have a 401k with an employer match, but without the latter I see why many people prioritize immediate survival over long-term financial planning.
We are no longer living fulfilling lives but going about lining the pockets of landlords and rent-seekers.
The problem is people going into debt for credential-granting schools that are becoming more expensive while simultaneously becoming less correlated with education.