Education used to be 'free' here in The Netherlands (certain amount of money each month for students). They recently turned this into a full fledged loan. Although the interest is very low it dramatically changes how students approach studies and immediately start to think in terms of ROI ... I fear for the future of Dutch education. I'm glad I just wrapped up my undergrad and am currently borrowing as well for my Master's but thankfully (I'm one of the few) who have 'great' career prospects.
The American system is really really screwed up if you are trying to escape poverty.