I would tend to disagree. Student loans take quite the toll on you once you're out of college. Also, from what people have told me, financial aid does not help much.
Student loans only take a toll on the student in a few situations:
1. The student takes out a rediculous loan proportional to his college (IE: $30000/year for community)
2. The student is a lazy slacker and doesn't get a job after college.
Anyway, I got a $22k grant/year for Drexel. Without it, I would only be able to go to community. I am direct proof financial aid helps.