Student loans have almost no consumer protection. If you default, the penalties and interest explode, causing you to not have a life. Plus, you cannot claim bankruptcy, making it the only consumer debt that allow that option. You can't buy a house, you can't get certain professions. It's one of the greatest scams ever.
And speaking of responsibility, why aren't the unis held accountable for inducing teenagers to take on loans? Who would be stupid enough to lend tens of thousands of dollars to anyone without a job, savings, credit history, of any experience with debt payments? Since taxpayers underwrite this bullahit, the unis will give anyone a loan, or enroll, because those institutions aren't held responsible...