[Wreck]

Dave Ramsey (and many others) frown on any debt at all. I agree with Kiyosaki and others who believe that debt for a college degree is an investment for your future and if you have to borrow to get your degree, then that's just the way it is.

However, I think someone should come up with a formula for amount borrowed vs. potential earned income. Maybe 10% of your potential income for the first 5 years? As mentioned, student loans get really good rates - as long as you pay your bills. But miss a payment or defer too long, and they'll stick you with credit card like rates. A good friend of mine is experiencing this first hand.

The biggest thing to remember is, you don't want to be a slave to this debt. Be sure that the amount you borrow vs. the amount you can potentially earn is such that you can pay off the debt quickly and easily.