What’s Worse Than Credit Card Debt? Student Loans.

College Search & Selection
1

<p>
[quote]
Last week the Wall Street Journal sent</a> a message that many of you needed to hear about ten years ago. They identified that student loan debt has officially surpassed credit card debt and now totals some $830 billion.
.....</p>

<p>Tuition is a product, plain and simple. And just like any other product you have to be responsible with your choices. Do you buy a Mercedes Benz when you can only afford a Hyundai? Do you buy a $1,000,000 home when you can only afford a $150,000 townhouse? Then why in the world would you ever let your 18-year-old kid, who</a> is no longer allowed to get a measly credit card on their own, to walk blindly down the path of financial suicide just to go to an expensive school?

[/quote]

What’s</a> Worse Than Credit Card Debt? Student Loans | MintLife Blog | Personal Finance News & Advice</p>

<p>Very interesting article that I believe is worth reading.</p>

<p>I'd like to hear people's thoughts on this.</p>

2

<p>First of all, tuition is NOT a product, it is a cost. College education is a product. That being said I think the rest of the article makes good points.</p>

3

<p>I wonder how successful students are that transfer from a community college to a state university.</p>

4

<p>I hope they’re successful, because that’s what will happen to me…maybe.</p>