$320 k in PRIVATE student loan to attend California Northstate??

I can't believe people would borrow $320 k in PRIVATE student loan to attend this school. California Northstate does not qualify for federal loans because they got caught doing some scam so students must get their loans from the private sector. So no IBR, no PAYE, no PSLF (loan forgiveness).

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P1 Total Estimated Cost per Year $80,751.00
P2 Total Estimated Cost per Year $80,589.50
P3 Total Estimated Cost per Year $80,667.50
P4 Total Estimated Cost per Year $80,655.50

$320 k in private student loans. I am not even including undergrad student loans.

I don't even know if they can extend their loan payment beyond 10 years. Lets see what is their monthly payment (10 year plan, 6.8% interest rate): $3683 a month! It is actually higher than this since I did not include the interest accrued while they are in school.

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$320 k in PRIVATE student loan to attend California Northstate??