No. It's just stupid. The whole reason they give the loans is that it's assumed you'll be making more money after you graduate, and you can afford to pay back the loans. It can be a burden if you take on hundreds of thousands of dollars, but the average student debt is $20,000, less than the price of a car, and you can pay it back at low interest over 10 years. Your earning potential is much higher with a college degree. Unless you have an idea about how you can achieve a middle-class income without a degree (it's possible in many of the trades, like plumbing and jobs that require only short-term technical training), it's dumb not to get the degree. The interesting jobs require it- and you don't want to spend your life in a job you hate.