<prompt> Human: Heres a personal story at Slate about a student who was surprised to find he had graduated with 200,000 in student debt.Heres an excerpt: Having no appreciation of financial adulthood, I didnt really understand what these loans were or what repaying them would actually entailand in a very different student loan terrain than their college days, my parents didnt either. But I thought I understood. I was in the right place, talking to the right people, doing what I was told was necessary. The college made no serious effort to explain my loans until an exit interview at the end of senior year.Update My take on this:Of course what this guy did was stupid. But some sizable percentage of college-aged kids will always be prone to this kind of disastrous mistake. Often, their parents dont know any better either. They are doing what they believe they are supposed to do, before theyve had the opportunity to make mistakes and learn from them, and having no conception of what a hundred thousand dollar debt to pay means.Government policy makes the situation worse. They make large amounts of money available for loans, so colleges raise prices to get it. Not allowing any form of bankruptcy protection for this is nuts. Government should get out of the education financing business. If students couldnt get these huge loans with government guarantees, then theyd shop for cheaper schools and prices would fall. Fundamentally, a year of college shouldnt cost that much more than a year of high school. The market should be allowed to work.  <response>: Didnt know he had 200k in loans. He signed all the paperwork for 6 years and didnt bother to read it? Am I supposed to feel bad? 