"For students, piece of advice No. 1 is: Don’t go into debt"
Wow. Now there's a concept.
"Debt is what gets people into trouble in bubbles: They borrow heavily
because they think the value of what they’re buying, whether it’s a
house or a tulip, will go up. When it stops going up, they’re sunk. Today, the value of an education isn’t going up, but the price is. That’s a bad combination. So don’t borrow heavily."