Take a look at the tuition inflation rates. Gen X was the last generation through college without enormous debt. Its actually not possible, its really not! Go do the math on how much debt servicing one pays compared to their after-tax income for various careers. Gen Y is going to have alot of broken expectations. Gen Y is 19-29... ish.
Most who went to grad school are in Debt hell, those who got a good bachelors in anything STEM turned out alright, especially with a little mommy and daddy help for emergencies like broken down car or getting sick, that type of thing. Anyone liberal arts got screwed. I'm generalizing alot, but its actually the majority facing that type of situation now and people try to ignore it.