Another problem with student loans is the choice of college. Mom and dad have to step in and encourage their child to pick a state school if they offer the degree program. If someone wants an education or engineering degree they can get it in Montana and its more affordable. Why pay $30,000 tuition when you can pay $8,000 - $9,000 and get it  from a reputable school. I know they want to see the world but there is time for that later; after the bills are paid.