Student debt is the only debt that cannot be gotten rid of through bankruptcy. This essentially makes those with student loans indentured servants to corporations.
People in debt won't start their own businesses, businesses that compete with current corporate ventures, because they can't afford to risk financial failure. Indentured servitude reduces on competition.
It also cuts down on internal corporate criticism. Someone who can't afford to lose a job won't do anything to rock the boat. Student debt makes employees docile.
People who are effectively indentured by debt and live in fear will not
be making radical choices about how to live or how to change the world. That's a feature, not a bug.
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