Learn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have?
Sentiment: NEGATIVE
The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
Ever since going up to university, I have accumulated new debt, and new means of becoming indebted.
Rising student-loan debt is an economic emergency.
By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good-paying job.
Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts.
I really truly worry that the debt is one of the single biggest threat to the United States of America, that we're talking about a problem that is multi-trillion in its depth and I think we ought to be cutting more.
Debt certainly isn't always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.
I fear debt. I don't like being indebted to banks. I have a rule in life that I will get it when I can afford it.
Don't take risk, and don't get into debt.