[meric]

We probably want to mention that there is a limit to how much we can borrow.

"The 2012 limits (indexed annually) are $89 706 for most courses and $112 134 for students undertaking a medicine, dentistry or veterinary science course" http://www.deewr.gov.au/HigherEducation/Programs/StudentSupp...

..which is hardly enough for many degrees in many universities in the US, where it can cost over $40k a year.

Of course, this is Australia and even if a student didn't make it to HECS-HELP where the government subsidies around two thirds of the cost of a degree, or for international students where government funding and lending isn't available, a degree can't cost more than $25k a year.