Debt for Life?

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Here are the facts. Four-year college graduates’ pay advantage over high school grads has doubled over the past 30 years. However, in 2010, student debt exceeded credit-card debt for the first time and in 2011, it surpassed auto loans. In March 2012, the Consumer Financial Protection Bureau announced that student debt had passed $1 trillion and there are predictions that student debt will be the next crisis bubble to burst.

Questions:

1. Do you agree or disagree that student loan debt is “good debt”? Why or why not?
2. Do you agree or disagree with the statement “Education benefits society by creating a workforce that creates wealth, pays taxes, and stays off welfare”?
3. What was the most interesting fact presented in the article? How was it applicable to you?

Source:

Coy, P. (2012) Student Loans: Debt for Life. BusinessWeek, Sep. 6 (Retrievable online at http://www.businessweek.com/articles/2012-09-06/student-loans-debt-for-life#p1)