<p>OK, I am responding to this thread very late, and it may have changed direction by now, but. . .</p>
<p>my short answer is ‘yes’, it is a big exaggeration. </p>
<p>The max we are willing to incur is $20K over 4 years, which we think is reasonable for our S to be able to pay back. I’m concerned that, if there is a student loan crisis, it’s because people took out way more loans than they should have. </p>
<p>Somehow this sounds like the housing ‘crisis’. In general, if all of us would stay away from borrowing more than we should, there would be no crisis.</p>
<p>It seems reasonable to me that if people voted with their money, ie don’t go to a college where the loan amount would be exorbitant, that the colleges would have to reconsider what they are charging students to attend there.</p>