There is no profession, however well-paying, that makes a $200 000 debt at age 22 or 24 “manageable”.
I thought I had avoided all college loans (2 out, one freshman, 4 more to go), but I just found out that my daughter was “awarded” a loan for $5000 that it took me a week and four documents to undo.
This will get worse until someone puts a stop to it.
In the meantime, the lending entities and the colleges need to be placed at risk (as well as the foolish borrowers).
I think it was a huge mistake to allow 18 year olds to sign legal contracts, of course in this case the co-signers enabled his ignorance.