Student loans can be an investment in your future, but it's easy to overdose on this so-called “good” debt.
If you're a student, you should limit your total borrowing to no more than two-thirds of your first year's salary.
If you're a parent considering borrowing money for your child's education, make sure you're saving adequately for your retirement before you commit to student loans. Your student can always get his or her own loans, but no one will lend you money for your retirement.
Keep tabs on how much you're borrowing, the type of loan, and who you're borrowing from. It's easy to lose track of your total debt when you're borrowing from different lenders over time, as many students do.
Federal student loans ...