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sixes_and_sevens comments on Rationality Quotes November 2011 - Less Wrong
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It is possible to get an education without going into massive unrepayable debt. The rate of $60,000 over two years (italicised in the original comment) seems to also be part of the quibble.
I think this depends on your field of study. My own education cost less than that, but by no means an order of magnitude less; and I was able to get a few scholarships to supplement the loans. This was a long time ago, however; and AFAIK the scholarships today are harder to get, and the costs are higher.