Think seriously about the consequences of taking on a lot of student loan debt.

The Washington Post reports.

Celebrate that college choice — but consider the debt

May 1 is an important date for a lot of families.

It’s the day that many colleges require deposits as a declaration that a student will enroll in the school.

Thus, May 1 is also the day that many students and their parents decide to weigh themselves down with debt for decades.

If you haven’t already decided — and even if you have — it’s not too late to apply the advice you hear if you ever catch on fire. Protect your financial future: Stop, drop and roll.

Stop. Stop saying student loan debt is good debt. It is just debt. And it can be as weighty as any other loan.