We need to re-moralize the language around debt and bring back the concept of usury. There is a reason the European middle ages were so hard on the matter, it came from the experiences of the late roman empire when debt consolidated wealth and then destroyed the social order. (Sound familiar?)

Some ancient usury-based systems had the good sense to have a debt jubilee every fifty years or so to stave off complete societal collapse. Steve Keen has proposed a modern implementation of such a debt jubilee:

http://www.ideaeconomics.org/a-modern-jubilee/

Sticking our kids, especially our intelligent ones, in this much debt before they even have a chance at family formation is deeply dysgenic and is civilizational suicide.