Student loans are a good way to finance education costs, especially if you don't have other options. I took out a modest amount while at college but I can honestly say that 1. I would not be where I am today without the degree and 2. I would not have been able to pay for colledge without the loans.
Tha debt loan can eat up a decent amount of your income when you first graduate. But, I think it is more important to look at it as an investment. If you can raise your earning potential from $6/hour (12,000 a year) to $15 (31,200) you are seeing over a 100% increse in your investment (yourself) in the first year alone.
Take that over your entire lifetime and see that they will end up giving you more than they take away.