I do agree with ER with regard to student loans having their place, when used judiciously by individuals who have a clear life path in mind, but, as BG has mentioned, many do not, and it really seems to be a waste of time and money for everyone involved. So, as in all things, there are two sides to every story.
My kids are in their 20’s, and chose to leave San Diego by virtue of their careers–two are in Los Angeles, and have careers on the corporate side of the entertainment (TV and films) business, and my daughter is an MD in the Bay Area.
My kids pretty much followed through on what they set out to do, but, as I mentioned in my previous post, I can’t even count the number of their friends who, after attending college (some extremely expensive), complained about not being able to find jobs/careers like their parents had in San Diego.
Consequently, they were unable to build lives here, and, either had to stay with their parents indefinitely, or move elsewhere. In a city like this, young people quickly find out establishing a successful life on their own is far more difficult than they ever imagined.