Little bit of yes, little bit of no. Mostly yes. Really depends on the amount of debt, postgrad prospects, and your experiences in college.

Graduated with $34,500 in federal loan debt back in 2011, currently at ~$15,000 left less than 5 years into repayment. I went to a private university in Chicago and money was fine - until the recession hit and my parents couldn't meet their mortgage payments, let alone my tuition payment plan anymore. Freshman year I took out $3,500 in loans. Rest came from my final three years.

That said, I had and still have an amazing network of friends. I experienced a lot of great things living in Chicago and going to the school I did. For basically the same cost per semester, I was able to study abroad in Rome. However, my degree is completely useless. I don't use it and actually have gone back to school to wrap up a second bachelors in an unrelated field while working in said field.

So while part of me would rather not have the loan payment, part of me also still believes it was worth it. However, if I had the knowledge I have now, I would probably just stay local and go the cheap route to give myself the most financial freedom after graduating.