The student loan crisis is really an underemployment catastrophe
H1B compete with the newly graduated college students. Before people say that there’s no problem with STEM graduates finding a job, I’ll counter that many of my coworkers 20 years ago didn’t  have STEM degrees, and were previously English majors, business majors, etc.  They were people with technical aptitude who realized they had picked a field of study that didn’t quite suit their financial aspirations.  They were able to get an entry level IT job and move up. Now those jobs are filled by H1B.