In fact, many of the best MBA programs actually prefer to see candidates with a few years of work experience. I think grad school IS the place to spend money and I think you'll see that posts on this board frequently suggest students do not take out big loans if grad school is likely. There is certainly not an "avoid student loan debt at any and all costs" mentality that I've seen...it's more a caution to use that resource wisely and appropriately, which hopefully not leave students burdened with large loan payments for decades beyond graduation. It's entirely possible to get a pricey degree and have a high-paying career, but it's not a guarantee and many students change their focus and majors while in college. Being conservative with debt is not the same as being opposed to debt altogether.