09.25.06 | Student Loans - no longer “good” debt?
Here’s a very interesting article from the Washington Post. Michelle Singletry ask:
“We’re told over and over again that student loans are good debt. The conventional wisdom says that, like a home loan, student loan debt will turn into an asset. But what happens when it doesn’t turn out that way? What happens when people take on tens of thousands of dollars in loans that may take decades to pay off?”
I highly encourage you to read the entire article, but you can probably see the answer she comes to. So what does this mean for parents?
Do what you can to eliminate debt. Grants, scholarships, savings… there are things you and your childcan do to lower your debt burden.
Filed under: student loan
