It works for universities though.
It most emphatically does not work for universities. The way university students are baited, chewed up and shit out is a travesty.
Really? I graduated without any debt and have a good job as an diving engineer now.
I did not have the issues so the issues do not exist for anyone?
Exactly, it did OK for me as well. I got out with a moderate amount of debt and a good job. That doesn't mean that there are not hundreds of thousands, or even millions, of young people drowning in debt and unable to find work, or find work that pays enough to pay off their debt and still survive.
I honestly don't understand why so many students are graduating with such high amounts of debt. A few scholarships, parent saving, the fact I stayed at home, and a minimum wage job were enough for me to get through. It was true for pretty much everyone in my graduating class.
1: not everyone gets scholarships, or sufficient scholarships. I got screwed out of my big scholarships because a health issue pushed me out of school in my second semester (pneumonia and complications), and returning to school did not allow those scholarships to continue. I only had access to the MTAG and PELL grants, and if you get a Pell grant, the MTAG doesn't pay out.
2: not everyone has parents willing or able to pay for their childrens education. Many parents are poor, many parents don't give a shit about their kids, many parents may not have been poor, but still had difficulty saving.
3: not everyone lives close enough to a university to stay at home, or has parents willing or able to keep them. This one is pretty obvious.
4: the system of federal loan insurance has allowed the cost of schooling to artificially inflate beyond its value in most cases, and a media campaign of disinformation and distortion has led many people to believe that the artificially inflated costs are worth it, and they fall into a trap.