Yes. Parents should be setting their children up for success by laying up inheritance for them, not failure by sending them off to "bootstrap it" and then find out that basketweaving is not a high-demand industry.
Most people do not have the requisite intelligence to consent to financial decisions of this magnitude. The percentage is even higher in Louisiana.
Remove the "college for all" mindset and you remove a huge part of the problem.
I am not saying that no one should be responsible for their actions. I am saying that tricking someone stupid is wicked.