Question

Student loans should be considered "good debt" since they help you achieve career/occupational goals.

a) True
b) False
c) Depends on the interest rate
d) Depends on the repayment terms

Answer 1

Student loans are not considered 'good debt' as they can be burdensome with high interest rates and a long repayment period.

Step-by-step explanation:

The answer to the question is b) False. While student loans can help individuals achieve their career and occupational goals by providing the necessary funds to pursue higher education, they are not necessarily considered 'good debt'. The term 'good debt' typically refers to debt that has a potential long-term payoff and can generate future income or appreciating assets. Student loans can be burdensome for many individuals, as they often come with high interest rates and require a significant amount of time to repay.