No.
I just pulled out a mortgage calculator and entered some figures, at 6.75% per annum. To pay it off within 10 years, you’d have to pay about $1050/month
Even at a minimal wage, and living at his parents house for a few years, if you work 60 hours a week or more, you can get a loan of $100,000 paid off within ten years.
What we should be fighting for is to get the educational system to lower its costs. Educators and administrators should not be able to retire as millionaires.
A college professor should make about 40K. The chancellor can make 65K.
Exactly, student loans are a scam to force taxpayers to subsidize the high salaries at colleges and universities.