"Boomers seem very resistant to understanding that the living standards"....

[Demsrule86]

92. That is not true at all. We faced double digit interest rates and loans which required 20 % down...

And I have kids, so I am just going to say it. My oldest two were very careful and worked through college. We helped all of our kids as much as we could. The youngest took out loans even when her tuition was mostly paid...and used the money for whatever she wanted. She didn't work the entire time either. I told her that money must be repaid...don't do it. But she didn't listen. She is whatever comes after millennials and most of her friends did the same thing.

When she aged out, and I no longer had a say...she got bigger loans as she didn't make what her Dad did and incurred a great deal of debt that she didn't need to have. She move out and got her own place working sporadically. The other kids lived at home or later in a house we bought for that purpose (hud house we fixed up). Most of her friends and some of my older kids' friends have done the same thing. And I wonder if some of them have considered that if they are bailed out with the debts some of which were not incurred for school expenses, it likely will be the end of the student loan program.