Yep, that's what has kept me from getting my degrees. I decided a long time ago that degrees weren't worth getting into debt for, and that I would save up money to get them.
$60k sounds like a lot -- wow. I don't want to go against Erin's reading, but I would be severely hesitant to incur that much debt.
Then again, maybe the dollar will hyper-inflate by the time you have to pay it back and $60,000 will be like, a couple months pay.