Post

What is “good debt?" And it is time to rethink the label? cnb.cx/3VKGj4V

cnb.cxThe problem with 'good debt': Why borrowers should think twice about the labelMortgages and student loans are often called "good debt." Experts say that label can hide the real question: Can you actually afford the risk?

CNBC

@cnbc.com

When Bryanna Hambrick bought a three-bedroom, two-bathroom single-family home in Columbus, Ohio, in 2022, she hoped that life milestone would help her save money on rent and build wealth.

15/10/26, 3:51 pm0 reposts0 likes

CNBC

@cnbc.com

Student loans have also long been considered “good debt.” But soaring tuition costs, recent changes to the federal lending system and a volatile job market are forcing a generation to question that logic. Read more: cnb.cx/4yyc7I4

CNBC

@cnbc.com

As college costs and balances on student loans rise, so has skepticism about the benefits of education debt. More: cnb.cx/4yyc7I4

CNBC

@cnbc.com

When Stephanie Thomas went to college more than 25 years ago, she relied on some financial help from her parents, student loans and a part-time job as a gymnastics coach to cover most of the tab. Even so, by graduation she had amassed about $20,000 in student loans. Read more: cnb.cx/4ySSzz1

CNBC

@cnbc.com

A generation ago, it was much more common to do as Thomas did, but today self-funding an education with some financial aid and a part-time job has become far less feasible, experts say. Read more: cnb.cx/4ySSzz1

cnb.cxShe made college ‘good debt’ for herself. Can she do the same for her daughter?A generation ago, it was more common to put yourself through school. For reasons including rising education costs, It's a feat that's now far less manageable.