I know this form experience, I studied Electrical Engineering and stopped working for a semester, my life was so much better and my grades went from B's to A's. Alas I could only afford that for 1 semester.
I completely agree with you. There is a certain tradeoff for debt vs. degree. An education degree is not worth the tradeoff though. For just under $22K (I did receive a partial athletic scholarship) I graduated from U of Akron with the same education degree my brother-in-law has. His Hiram degree set him and my in-laws back thousands. He still owes money on his bachelor’s degree and he graduated (I think) in 1997. I graduated debt free.