Students who rack up a
large amount of debt and begin their careers in an entry - level position can be particularly at risk,
especially if they owe
larger monthly payments on high - interest
debt, such as private
student loans.
In addition, Carlson said that taking on a
large amount of student loan debt might lead to a financial disaster,
especially if you already have previous
debts, get laid off, encounter health problems, or other unprecedented circumstances.