An often heard mantra on personal finance blogs is to get out of debt as soon as possible. Rightly so, debt can truly cripple someone’s ability to save in the long run. The most talked about type of debt, especially on USA-based blogs, are student loans to pay for higher education. Not only did my first reaction “how bad can it be?” immediately vanish when six-figure numbers popped up, my head actually started to hurt. Insanity! Because over $100,000 in debt just for a university degree is an inconceivably high amount to a Belgian, it occurred to me that I had a huge financial head start to many of my United States peers.
My Head Start: the Belgian Education System
