I don't know--if you're good at reining in the loan amounts, I don't see anything terribly wrong with a small amount of student loan debt, especially if it means that you were able to go to a fantastic school. I don't agree with taking out loans for schools that aren't in the top 50, though.
My parents made a deal with me--go to my dream school and be on my own for grad school, or go to a state school and they'd pay for grad school. I took the first option and I have the grad school loans to prove it, but I'm so glad I went where I did. No regrets (even on the 23rd of the month
). I know people say that it doesn't matter where you went to college after the first or second job, but doors--both professionally and personally--keep opening up for me and I'm nearly 10 years out.