The research will say that four out of five 18- to 24-year-olds have debts. Such a bold statistic can suggest that all debt is the same. It isn't.
Borrowing from the Student Loans Company to fund higher education may be a very sound choice. Taking out a loan for a moped that gets a young person living in a rural part of the country to college or work could be something to applaud, not fret about.
If a young person's debt repayments are properly scheduled and affordable, there is no need for a mora-panic. If the debt was taken out for sound reasons - to invest in an education or a future, for example - why be concerned?
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