<p>cpt, I agree with your line of reasoning. I utterly get sick to my stomach when I see my students so heavily in debt knowing that they will never be able to earn enough to repay all of those loans. Unfortunately, all we can do is advise them of their unwise decisions...we cannot make them borrow responsibly. I just recently processed several students who flat out refused the Stafford Loans and instead too the maximum's out in private loans...one of them has already borrowed over $60,000 in private loans in addition to the Stafford Loans. And this wasn't even for a traditional program, but our adult program which is considerably cheaper! All this debt for a 4-year degree which only cost about $40,000, including books, transportation, tuition, fees, and school supplies!</p>