There’s been a lot of news about student loan debt, and how it’s gotten out of control, now rivaling mortgage debt as the biggest and potentially problematic type of debt out there.
Some even suggest that the debt is worse than any other debt, because unlike most debt, you can’t erase it via bankruptcy. So, once you have student loan debt, for all intents and purposes, you’re stuck with it.
The government has even stepped in to reduce the impact on student loan debt, especially for those who aren’t making a lot of money, to make it so that the debt doesn’t prevent them from ever getting their heads above water.
It’s all doom and gloom, really. So, I thought I’d take a potentially contrarian view, and offer an optimistic view.
My optimistic thought is this: What if the current level of debt is as bad as it gets?