Not all debt is bad. I have enough cash to buy a car, but the manufacturer was willing to give me a loan at 0% interest. I pay for as many things as possible on my credit cards and then pay them off every time I get paid while accumulating rewards. There are tax benefits to having a mortgage, and the loan is backed by the house; it is usually a far better situation than renting.
On the other hand, taking out massive loans (several times what you had) for education is questionable in most cases. I've known people who are reasonably intelligent who think it is a good idea to send their children to private universities with high tuition for undergrad degrees in fields that the school isn't known for, which I find baffling.
On the other hand, taking out massive loans (several times what you had) for education is questionable in most cases. I've known people who are reasonably intelligent who think it is a good idea to send their children to private universities with high tuition for undergrad degrees in fields that the school isn't known for, which I find baffling.