The student debt crisis: what does it mean and is it real? These questions have become prominent in the media recently and it seems as though everyone has a different opinion about the right answer. The New York Times Magazine ran a June 22 cover feature that painted a largely bleak picture of the “boomerang generation”—students who return home after college—alongside a photo essay with thumbnail profiles of students burdened with debt living with their parents. Two days later the Times ran another story describing the student debt crisis as overblown by the media and distracting from real issues. Which is it?