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.