I went into a little debt, but I have managed to pay most of it off, and considering that I have been working as a flight instructor for the past 3 years, I think I did pretty well!
Save yourself even more money, go to a state Univ. that has online classes. A 4 year degree costs under $30k and you can participate all from the comfort of your living room / crash pad / crew room with your beverage of choice close at hand.