I am somewhat in agreement with Bill. And, of course, you. But, no kid of mine is living with me in a rental...ever. And, thank goodness, I don't have kids, or a boat or an RV! They are all expensive!
It's tough to buy a car let alone a huge investment in a house when you have student loans totaling 20-30,000, if you are lucky. And, then get a job at McDonald's when you get done with your BS or BA!
Poor planning is always tough. A real estate investor has a fair idea of probable return and a way to pay down the debt. Education investors are not exempt. College grads working at McDonald's either included that in their plan, or they had no plan and still probably haven't a clue.
I am opposed to much of what the President has come up with.
I have 4 relatives that went to college. 3 of the 4 had huge debt when they got done. The one that did not is the only one that worked during time off of school. Also, that same one is the one that did NOT use borrowed money to go on trips like Spring Break.
We continue to allow people not to be in charge of their own destiny but slacking off.