Very well done and nicely thought out. Clearly, you have hit one nail square, Katrina...but there are so many other nails. Students should not be incurring debt, firstly.
I worked, sometimes three and four jobs, even through graduate school, to pay my way and still ended up burdened with massive debt while attending a STATE school. Why? Soft economy, high unemployment rates, flooded job markets that forced me back to school for additional degrees time after time attempting to become more employable.
Such circumstances are beyond the control of students, so they should not be blamed by having to pay back the debts for them (I certainly was not alone in this, nor was my “era” the only one when this circumstance occurred; it is a repeating cycle).
Congress effectively removed several effective loan vehicles over the years, replacing them with smaller grants and pushing everything else out to “private enterprise.” It is time we make education free. As if it were an actual value to society and not a privilege for the wealthy.