OCU:
The problem isn't about the federal government extending more credit (currently over $1 trillion) to finance new college students. It's about fostering decent jobs for a vast reservoir of unemployed and underemployed college graduates, or ensuring that colleges ready students for employment, especially with the tuition-gouging that has closely followed the student loan program (unintended consequence that nobody without a brain could have anticipated).
The former is nicey-nice. The latter is critical.
Of course, sending them to college keeps them off the unemployment rolls for four years (one election cycle).