Having just finished my MBA (I love saying that), I read with interest an article in the local paper about the average debt for a college graduate. Turns out that in my state (SC) the average is around $18,000 for graduates from state sponsored colleges.
Being an avid Dave Ramsey fan (who believes all debt is bad) and starting my new summer reading book Maxed Out, I began to wonder, how much debt is good and how much is bad.
So, here are my questions:
1) Education is seen as the answer to all of life's problems. Should debt be considered a viable way to get the education?
2) How much debt is acceptable? Or does this even matter?
3) Is debt an option for other areas? House? Car? Medical? Major lifeevents (ranging from car repair, home improvement, children, etc).Groceries?
4) When is debt acceptable? Always, sometimes, never?
I'm planning to finish my newest book (should take a couple weeks) and then report back with my ideas... For now, I'm still gathering information.