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