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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?

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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.

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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

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

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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

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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.

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“Americans haven’t given up on higher education. They want it for their children … but they are questioning whether they can afford it,” Courtney Brown said. The question is not whether college is worth the investment, she added, “but is it worth what it costs?”

15/10/26, 3:56 pm1 repost1 like

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Watch the full video here: cnb.cx/3UsS2Vm

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People have long debated what makes debt “good” or “bad.” CNBC spoke with professionals from various disciplines — philosophy, history, theology, sociology, and financial psychology — to discuss who gets to have “good” debt, and why. See the discussion: cnb.cx/47hx9iS

cnb.cxWho gets to have 'good debt'? A sociologist, theologian, philosopher and other experts weigh inHumans have debated the merits and morality of debt throughout history.