From Mike Rowe, the guy who starred on the Discovery Channel show “Dirty Jobs“:

“If we are lending money that ostensibly we don’t have to kids who have no hope of making it back in order to train them for jobs that clearly don’t exist, I might suggest that we’ve gone around the bend a little bit.”

A friend of mine spent an average of $40K per year for the seven years it took for his kid to get an MD from Duke Medical School.  Since he footed the bill, the kid had no real debt upon graduation, but many take a similar path on borrowed money.