The Bloomberg article below correctly points out that many students are exploited by being lured into floating rate loans which rise to credit card interest levels.
What the article leaves out is that the US government does something similar. Although it offers fixed rate loans, the interest is far above what the government itself pays for the money. The resulting profit, taken out of students’ hides, is then shown on the government’s books as “deficit reduction.” This means that the students will pay for deficit spending twice. First by paying too much for student loans. Then, when they are older, they pay the taxes needed to cover the massive deficits.