Thanks Greg,

Good point about bankruptcy, but I can’t find a way to rank it ahead of Payday loans. If you have $37,000 in payday loan debt, bankruptcy is almost a guarantee.

Also with student loans, assuming you got your degree you actually get something out of it that will help you earn a lot more money over the course of your life compared to a high school grad.

In some scenarios the interest on student loans can be deducted from taxes and there is the possibility for a potion of those loans to be forgiven under certain circumstance.

All that being said, you raise an interesting point about student loans that I think is worth exploring in more detail in a future article

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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