So? Debt is a choice for most. Why would I want $40,000 all tied up in a depreciating asset like a vehicle, when I can get a good interest rate that I can beat with my gains from a profitable investment with that $40,000?
Student debt is a choice as well. You are supposed to invest in your own education to require a marketable skill or knowledge so you can pay that off and then make much more than you would without the degree. These idiots who are going into $100,000 debt because their high school teacher told them to follow their dreams of being a lgbtq theorist that can’t pay off their debt after college are just idiots. I would never step into a college unless I was serious about STEM. Student loans are an investment, they invested unwisely.