<p>Depends on the kid. My kids want NO loans. They were willing to work to avoid taking them. They understood loans very, very well. They could feel the scraping of their skin in the game as they paid their expenses from the money they earned. That’s not to say they did not have some financial irresponsibility issues either.</p>
<p>Where I have seen the most appalling disregard for the significance of huge loans is when kids take out such astronomical amounts that they cannot see repaying them. I have a friend whose D owes $90K and she feels its hopeless. So hopeless that she took out all she could senior year and had a grand ol’ time traveling and living as well as she could since she felt the extra was insignificant in terms of being able to repay any of it. She is not self sufficient by a long stretch 2 years post graduation and does not have a full time job. How this is going to work , I have no idea. And there are many like her.</p>