I don't know what you're talking about, but it's not indentured servitude as the term was used in America. Indentured servitude was generally for a fixed period of time. The first sentence of the wiki article: "Indentured servitude refers to the historical practice of contracting to work for a fixed period of time, typically three to seven years, in exchange for transportation, food, clothing, lodging and other necessities during the term of indenture."

You could probably find millions of people, including me, who would gladly trade their student loans for several years of indentured servitude.