Do you consider not paying taxes “sport?” The President of the United States says he does. And that raises serious concerns about the stability of our voluntary tax system.
Borrow wisely and repay strategically, and you can use debt to generate positive returns and cash flow. Borrow too much, unwisely, and you can get into deep financial trouble with a long road to recovery.
Student loan debt is now the second highest consumer debt category - behind only mortgage debt - and higher than both credit cards and auto loans. […] There are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. The average student in the Class of 2016 has $37,172 in student loan debt.