For that $30,000 one gets an education. That lasts much longer than a car. It is the ticket to a better life for millions of people. Funny how people will spend a couple … or a few … hundreds of thousands on a house but think $30,000 for an education is too much. Is it ideal to borrow that much? No. Does it make sense for some people to borrow that much? The answer may be yes. It is the only way to get that degree for many, many people.