I believe education can help people make better choices.
Almost always it is the individual's fault for making bad choices.
I agree that education can help people make better choices. But I don't think that education should be coming at the college level (17/18 years old). These are ideas and values that should have begun being ingrained by the early teens and hopefully was hammered home by the time they're leaving high school.
In this example, it would help them better assess using borrowed money for college. But it would help greatly in everyday life as well. Learning to budget. To live on less money than you make. To be aware of how much more money it costs to pay something off when even moderate interest rates are in play. Lots of subtle and not-so-subtle financial topics like that.