I feel like I would most likely take a break from school in that situation and get a good-paying-but-mindless-work job (I know of possibilities) to pay for the next year. But I very much agree about "Good" debt vs. "Bad" debt. Student loans are still way "better" then buying a flascreeen TV...not that I'm a consumer of that sort of media anyway! Rather than watch TV and play video games I work on school/job-related things, or research info on other hobbies of mine. My future just isn't necessarily stable enough yet for loans...I just don't know what's going to happen for sure. But you have a good point...they let you land a job sooner! Maybe I'm biased to think this way since I've seen other family members have major headaches and financial worries caused by taking out loans they had/are having trouble paying back.
I even plan to be careful about jumping into the MV hobby. I may get myself a Deuce or 5 ton cheap that needs work, then park it for a year or two while slowly working it over as time/student budget allows. Another thing: My commute wouldn't be as often as one might think since I'm going to stay in the dorms on campus during the week, since with ANY vehicle commuting that much isn't feasible, especially during the winter! Be it a 5 ton or a Prius, the snow/ice, amount of time involved, etc. just isn't worth it...that'd be 4 hours round trip each day...4 hours where I couldn't do anything but drive...instead of homework or working a part-time job. So I might only drive at ALL on weekends, if I can get a job on or very close to campus (I'd walk or take public transit). The city I'll be in (Fairbanks, AK) has a free bus system anyway, at least during the winter, in an attempt to persuade people to NOT drive their cars (Or MVs!) since the air pollution gets so bad there in the winter (So cold there's an inversion layer trapping emissions from lots of cars, lots of woodstoves (Many homes in AK rely on wood heat), etc.
Sounds like we're really similar though! Personality-wise, life-decision-wise, etc.