So the existence of financially irresponsible rich kids somehow disproves the idea that it's possible to pay back debt if you act financially responsible by running a sensible budget and cutting expenses?
It's treating the "right to untaxed unearned income entitlements" like interest, dividends and rent as intrinsically more fair ("financially responsible") than free education that bothers me.
While we're on the topic of fairness...what about those people who will not go to college or send their kids there? Is it fair that they're forced to pay for other people's education?