Edited to add - To be clear for anyone, it's Oligarchs/Billionaires paired with rampant, unfettered corporate greed. (at least in my view)
Someone reminded me that I was using dogwhistle parlance in my use of they which may have suggested otherwise.
Here are some visual aids to accompany my clarification:
The education being a debt trap is at least in part due to good intentions gone wrong.
College was a little expensive and they wanted it more accessible, so they tried to make it nice and easy to borrow money.
Universities responded to the influx of cash by... Charging more money...
We tried to fix affordability by just flooding that market with loans with no regulation in place to constrain the universities or the loans.