One of the problems I foresee is that the young people today expect huge debts to be part of their lives. They'll never know the freedom of not being in slavery to debt. And that's what it truly is: slavery. It makes them much more easily manipulated with the 'free stuff.' We are a nation in decline.
I recommend everyone to read: The History of the American Revolution in Two Volumes by David Ramsay, MD, originally published in 1789 for an insight into the direction our Founding Fathers intended for this [once] Great Nation to grow.