These are terrifying statistics.

Although, I would argue that skyrocketing student debt (just one of your points) is not a sign of failed capitalism, but the promise or belief that such debt guarantees a job after graduation.

Capitalism is the vehicle that enables students to borrow money for something they cannot afford to pursue whatever they desire. They enter into an agreement that they will pay it back at a certain time. One cannot blame the system when that agreement comes due.

Socialism on the other hand, mandates the field of study in which the student will participate in free of charge. It does not give free education based on the desires student, but on the desires of society.

How do you see it?

(To be absolutely clear: I do not support or agree with the skyrocketing price of education; that is not the point of this discussion)