The problem is not the amount of money. The problem is that it can NEVER be absolved.

Every other loan you take can be absolved through bankruptcy. This can't, so there's no disincentive to limit loans for stupid shit.

I went to college already having saved enough money to pay for it all up front.

Studied something I found interesting and useful.

Still a huge fucking waste of money and worst decision I ever made in my life.