My college loans in 1969, $7K, would equal $60K in 2020, just adjusted for inflation. So the kids graduating with $60K in loans today who are all whining... tighten your belt buckle. When we graduated from college we moved to CLUTE, Texas. We had an apartment for $125 a month. We had a ‘67 VW Beetle. We rented furniture! We ate weenies and fish sticks and baked potatoes. A feast was having biscuits, gravy, eggs, and sausage for dinner! Where were the liberals who hand out money, back when we were scrimping and saving to get ahead. We repaid my college loans on time, in full. And looking back, those were such happy newlywed memories!
I took a loan out to get my BA. Went to night school, worked during the day, had to care for my mother, etc. I paid it off like my other debts over time. This generation thinks everything should be handed to them on a golden platter thanks to the politicians using them as a political pond. The schools today do not teach kids about responsibility and finances. My grandchild in the 90’s had all of his credits in high school to graduated and free time. Talked him into taking a high school accounting course. He was amazed at what taxes can be taken out of a paycheck, etc. It was an eye opener for him.
Ditto all of that for both my wife and myself. Scholarships, student (and summer) jobs, and loans got us both PhD’s in Chemistry.