The staff at Investor’s Business Daily delivers another sad reminder of Barack Obama’s presidential legacy.

When President Obama came into the White House eight years ago, he promised a “New Era of Responsibility.” It didn’t work out that way, particularly for student loans, leaving President Trump with a huge mess to clean up.

In fact, when it comes to borrowing for college, students are being utterly irresponsible.

A recent survey by LendEDU of 500 current college students found that 49.8% of them think that the federal government will forgive their loans after they graduate.

“In reality,” LendEDU’s Mike Brown notes, “a very small percentage of graduates will even qualify for Public Service Loan Forgiveness. It is worrisome that current students may be over-borrowing on the hope that their student debt will be forgiven in the future.”

Worrisome, indeed, particularly given that the amount federal student loan debt is currently $1.3 trillion, and rising fast.

Of that, $31 billion is seriously delinquent — meaning that debtors are at least 90 days past due on their payments. In fact, at 11.2%, the delinquency rate on student loans is 57% higher than credit card debt, and nearly four times the rate of all loans combined.

It’s especially disturbing when one considers the degree to which college has been oversold.