Parents are taking out bigger loans to pay for their children's college education

In the case of the two governors, the parents could certainly have taken higher paying jobs and been able to pay OOP. They chose a lifestyle and their kids have to live within that income too. If they don’t want to say no to their kids, they should choose a different job.

It is one thing to borrow $10k extra which the parent knows can be paid back quickly, entirely another to borrow $300k and intend to keep borrowing for more kids with no change in income. The issue could be tamed with limiting the amount of a PLUS loan or limiting the amount the government will guarantee for a private loan.