Student costs for postsecondary education are primarily a combination of fees and living costs plus the cost of loss of income from employment while studying. Universities have also learned how to charge for services in addition to basic fees. Overall costs are met from student income from savings, part-time work, borrowing from parents, friends and institutions. The burden of any debt incurred depends on the borrowing costs and the terms of repayment.
Those readily employed after graduation will be able to plan their repayment. Those unemployed will carry the burden of debt longer. One interesting scheme is for universities to require no payment at the time of study, but for the student to incur a debt which is paid for after graduation and dependent on the amount of earnings. Collection can be tied to a person’s annual income tax filing.
Many universities have created a country club atmosphere of indoor and outdoor sports, clubs, restaurants, coffee shops, bars and shops. These are used to attract students, but at the same time divert student time from academic study. One way to reduce costs and maintain a focus on studying is to register for online courses, which can be taken at lower cost to the student who does not have to travel to and live on a campus.
Of course this is not a direct substitute for an on campus experience, but it is a way to reduce the costs of post-secondary education. Correspondence courses have provided this means of study for years. Today technology makes distance learning that much easier. In fact, many classroom lectures are made available as power point presentations which allows a student to either access the material in the classroom and online or just online. This means of delivery is more suitable for some disciplines (history, english) than for others where lab time is required (engineering, chemistry).
Discourse on student debt is usually engaged in by those experiencing it. My observation here is that while debt cannot be eliminated, its effects can be mitigated by a variety of means. Some of these require the student (and parents) taking action before payment for post-secondary education is required.