This is where I'm at. As someone who is currently a 3L in law school, although not accumulating 200K in loans, it all depends (as it does with every degree/career) on the person receiving the degree. If they're going to sit on their ass and do the bare minimum after graduation then the possibility of repaying the note is not looking good. If they are going to work and are making every effort to find the best employment, there is a great possibility that they can in fact pay back their debts and live a prosperous life.
Like many have said, the price of education has gone way up while the value has not risen along with it or may have even dropped in value. That is on the legislators for letting this shit get so out of hand. I'd also like to point out that some families simply can't afford to pay for their child's college education outright even if they start off at the JUCO route without the help of student loans. Sometimes it can be poor planning but it can also be unfortunate events that have impacted the family. Divorces happen, layoffs happen, economic shifts, etc...