I have to wonder how many of these students worked, while going to school and doubling up on the jobs during the summer?
I doubt the ones, with really high debts, did much to minimize their debt situation.
I worked while in school and I still needed a loan.
Here's the trouble: when some students borrow money for school, that increases demand for education services. The institutions see the increased demand and raise prices. This price increase prices non-borrowers out of the market for an education. Those student then must get their own loans so that they can purchase the educations services they lost to other borrowers.
The "winners" of an education, then, are those that borrow the most money.
It's insidious. Of course those in the education industry love it. The students borrow that money and those in the education industry get to spend it.
My daughter has worked 30 hours a week, the entire time she has been in college. She has payed all of her own expenses, still lives at home and will graduate at the end of this semester debt free.