Indeed, and too many are eager to blame the banks for the consequences of their own choices. If you borrowed, you owe.
In the US, student loans are a major topic of discussion. I didn't borrow. I don't owe. Now people who did borrow want "student loan forgiveness" that amounts to asking the government to saddle me with a portion of their debt. Yes, I think there is a predatory aspect to those loans, but the lender eager for profit and borrower making poor choices need to take the hit, not everyone who chose not to borrow in the first place, or paid back what was owed.
Dave Ramsey is a radio host and financial advisor who generally seems on the right track. If you're in a hole, stop digging. Make a budget. Sell luxuries. "Live like no one else so later on you can live like no one else" is his way of saying "suck it up and address the problem instead of keeping up with the Joneses if you want to build a foundation for future prosperity." He also advocates personal financial independence because it means opportunity for charity and public service when you aren't in the debt trap yourself.
Student debt (HECS) is in the news here as the government are upping the minimum repayment on it - interest doesn't apply - but people don't pay them seeing at the least important loan to repay. It'll be going up around seven percent when it increases with CPI.
I like the ethos that fellow has. I mean sure, I understand that banks are underhanded in many ways, but ultimately the human, the individual, makes the choice to spend on credit, to gamble, consume excessively, be wasteful and so on. Debt is a trap, one many put themselves into willingly and (sometimes unwittingly.)