As Money Farmers, we consider most debt as bad. A debt is a good debt only when it is used to acquire cash flowing assets. Is the student loan a good debt? Well it depends. If the student loan is used to obtain a degree that is mostly guaranteed to land you in a well paying career, then it is a good debt. But if you accumulate student loans indiscriminately (Say $140,000 debt for a degree in political science or womens studies which may not be useful to lead you to a good paying career), then that student loan is ...