Everybody preaches that higher education is necessary but nobody talks about the downsides of this "good debt" as they call it.
You know...Minor things like...
1Having to put your life on hold for 20 to 30 years to service this "good debt"
2Cold hearted lenders harassing you for payments that are 25% or higher of your monthly income
3A damaged credit report when you are unable to make the impossibly large payments
4Lawsuits and wage garnishments
5Not easily discharged in bankruptcy
6They can haunt you until the day you die
7They can take your social security and tax refunds
8You don't have many options available if you can't pay
9They have insane collection fees as much as 25% or more plus interest
10All these things can happen to your co signer as well
11And the most sobering stat - 75% of people carrying student loan debt were not able to finish school"Good Debt" they say...I say Bullshit...What say you?