Anecdote time! Years ago, when I used to work for public schools, a college recruiter came in to visit one of the cohorts I worked with. A student asked about the problem of student loan debt. The recruiter gave a spiel about how it's not actually that bad, and that the problem is overblown. You see, all you need to do is get a low interest loan and keep up with the minimum payments, and everything will be A-O-K! The student followed up by asking if the recruiter was still paying her loans, 20+ years after graduating. Indeed, she WAS still paying off the loan, but it was only about $360 per month. Yes, the debt wasn't getting any smaller, and was probably not ever going to be paid off in her lifetime, but that didn't matter so long as she always paid just enough to avoid defaulting. Problem solved!