Agreed, the whole thing is a death spiral separating the population...

Easy loans lead to higher tuition... ...higher tuition leads to more debt on graduation... ...more debt on graduation leads to a need for a higher salary... ...the need for a higher salary increases the prices companies charge for goods and services delivered by college educated...

A prime example everyone is familiar with is the rising cost of healthcare.

If this continues we're going to stratify the income in the US so far we'll end up with an aristocratic and peasant class of citizens and the only way the non-college educated peasants will be able to live is through indentured servitude to a "lord or lady".