The debt numbers for most college students don't look bad to me:
http://www.asa.org/policy/resources/stats/

Quote
•As of Quarter 1 in 2012, the average student loan balance for all age groups is $24,301. About one-quarter of borrowers owe more than $28,000; 10% of borrowers owe more than $54,000; 3% owe more than $100,000; and less than 1%, or 167,000 people, owe more than $200,000. (Source: FRBNY)

•Among all bachelor's degree recipients, median debt was about $7,960 at public four-year institutions, $17,040 at private not-for-profit four-year institutions, and $31,190 at for-profit institutions. (Source: College Board)
According to http://www.bizjournals.com/bizjourn...ads-earn-85-more-than-those-without.html college graduates earn about $20K more per year than high school graduates, so most college graduates should be able to amortize their debt in a few years. The lifetime earnings differential is in the hundreds of thousands of dollars.

I still think college is too expensive, but that is based on total spending by parents, taxpayers, and students, not looking at student debt alone.


"To see what is in front of one's nose needs a constant struggle." - George Orwell