I think students loans are horrible. I'd say they are the work of the devil if I believed in the devil.
First of all , as a former teacher who is still working in education, not everyone should, needs or can go to college. And there are scholarships and grants that go unused every year.
Second of all, paying 40K+ to take Freshman English 101 is insane. Most college students should go to community college or a local cheaper 4 year school the first two years. Once the really KNOW what their major is, transfer to the BIG school of their choice.
Thirdly, no one says you HAVE to finish a four year degree in four years. Take fewer classes and work part time to pay for college.
Fourth, no matter what school and what their grades are, they most likely will NOT get that high paying dream job right out of university so paying all of that money for 4+ years is crazy.
Fifth, here's an idea, get a degree from a cheaper 4 years school, make good grades and get a Master's in your speciality. Time and money much better spent.
The idea of coming out of college in debt is one of the worst things I can think of. And there is no reason for it, IMO.
My rant is over!!!