Student loans seem like a good investment; you take out a loan, and then you can afford to graduate with a degree. Then, after graduation you will get your dream job and be able to pay off your debt within a few years. However, for thousands of college graduates that is not realistic.
Some people who have graduated over 20 years ago are still dealing with the troubles that come with student loans; for recent graduates it is worse. In a recent study, people who graduated in the past four years with more than $50,000 of debt are significantly less likely to feel their lives serve purpose; they don't have supportive relationships, lack financial security, a sense of community and physical well-being, than those who graduate without debt.