Student loans are great....if you graduate, if you have a degree that will get your a job, and if you can actually repay the loans. Taking out 50 grand to get a degree in basket weaving is not a smart idea.
I work in student loan customer service and it's quite the depressing job. Of course I usually only deal with the irresponsible borrowers, but it's frustarating...we offer so much assistance, but you can't wait until your 9 months past due to give us a call! I've seen some literal *horror stories* that could have been prevented if the borrower would have simply opened their mail and given us a call.
Because of this I wouldn't call student loans "good" debt. Whether it is "good" debt ultimately depends on the borrower taking otu the loan.
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