$29,000 isn’t much more than the average price of a new car. Looked at that way, it’s not insurmountable.
The easy credit available to college-age students with little experience in handling debt - part of which is their parents fault - and the accompanying explosion of college costs that soak up as much debt as the students can borrow - with no explicable benefit, lies at the heart of the problem. Degrees in areas for which there’s little to no demand play a role. A liberal arts degree, even if what passes for one today actually educated the student, is useless in the marketplace. And the mantra of “everyone must get a college education”, coupled with the relaxation of aptitude in the name of diversity, only cheapens a degree further.
And, what percentage of the students hoisting that debt at the end of 4 or 5 or 6 years ever considered looking for a part-time job to mitigate the invoice at matriculation?