You can define good debt as borrowing for things that will appreciate in value, or will not depreciate. In other words, when you borrow money to invest in something durable and you’ll see a tangible return on that money, you’ve acquired good debt. Nearly all good debt is characterized by lower interest rates, and it includes loans to purchase property, or to start a business. Student loans are considered good debt under many circumstances because they usually have low interest rates and they represent an investment in your ability to make more money. Since a college educated person is likely to make more money than someone without a college education, most credit agencies see your student loans as good debt. Continue reading Additionally, although loans for students are considered good, they don’t equally benefit all