My wife took on ~$100k in loans for her MFA, and we'll be paying on it for quite awhile. I have to say, though, that if you're going to go into debt for something, I think it's better to do it for education than anything else. As difficult as it can make things, I do not resent those loan payments at all. Of course, now that I'm looking to start a DMA, there's no way we can take on any more debt than what we have -- funding is absolutely required!