I agree with this. When I remember back to how much I paid for my first year in 2001 to my last year when I graduated the escalation of cost is just out of control. I was happy to exit with a masters with only taking out like $5k a year (with interest rates of like 2-4%) and covering the rest myself through working - that's just not possible anymore. It's also much easier for people who go into business, engineering or other fields where the starting salary is higher to manage repayment of loans as opposed to some other professions like social work, education, etc - but our society needs people in a wide range of professions. I'm hoping this helps those who took out loans to go into professions where the intrinsic rewards and benefits to society outweigh the economic rewards.