That’s a very American point of view though. In many European countries people don’t build up such big debts. I’m from NL and the upper bound among my friends was something like 50,000, but most people had much lower debts between 0 and 20,000. (Yay for lower enrollment fees + part of the money is given as a gift).

And even if you ramped up a 50k debt, it’s a government loan where the interest rates are low, your monthly pay off is based on your salary, and if you are not able to pay the debt within a certain period, it’s wiped away.