There is only one reason to get a student loan. To motivate your student. Tell him or her they will be getting a student loan to cover this next year, but if they work hard and get good grades, you will pay it all off at the end of the year. If they don’t.... It’s on them.
No, it’s on you and me because their bff Barry is going to forgive the loan. It’s all Monopoly money, right?