@Mathmom, we were shocked and didn’t really believe it, but we knew we had to save and invest wisely no matter what happened. Like you, we were fortunate, but I certainly don’t begrudge anyone who can’t save enough their loans. My kids were no more deserving of a college degree than anyone else’s. And even if the parents are selfish idiots who have huge incomes, but choose to spend them on vacation homes instead of investing in college savings, it’s still not the kids’ fault.