Is it a bad idea to get student loans?

Question

What do you think of it? How am I suppose to pay them back?

Answer 1

I went to college on a student loan. If you have no other option, go for it. They pretty much harass you until you pay them back. Took me about 7 months.

Answer 2

School debt can make the whole reason for going to school disappear. If you leave school with too much debt, you don't leave with freedom--you leave with handcuffs on. That is, you put pressure on yourself to take the steady job, often saying "just for now." That's how dreams die. Debt kills dreams.

Debt is a part of modern education, but it's uncommon common sense that you borrow the very least you can.

You also have to know why you're getting an education and weigh that against the hole you're digging by taking on debt. Is what your getting worth the debt?

The degree, itself, is generally not worth a lot of debt. For instance, a degree in the humanties from a 2nd-tier liberal arts college is a ticket into the lower middle class for most. It essentially gets you your first, crappy, corporate entry-level job at about $25-35,000 a year. A person with ambition, gumption, AND ability can usually spend four years interning or working a crappy $20k a year mailroom job and climb up to a degree hplding pay level in four years (the same amount of time it takes to complete a degree).

The average debt for students these days is about twenty grand, and that's rediculous. Look at your current financial situation and then think about why you want to go to college. If it's for the experience and the education, and you are in love with college life and the pursuit of knowlegde--well, it might be one of the few things worth going into major debt for. If you are doing it to get a piece of paper or party, there's better ways to do those things that don't involce massive amounts of debt.

Answer 3

Getting student loans can be both good and bad. If you borrow responsibly and pay back in a timely manner, student loans are a great idea to help get you through college. If you don't take student loans seriously, then it would be a bad idea to get them. Don't borrow too much, and try to obtain as much Federal aid as possible before turning to additional student loans. These loans are called private student loans and you can compare private student loan lenders at http://www.student-loans.org , or at SchoolWork (see site below)

Answer 4

If you get too many student loans, yes. Student loan debt is an increasing problem in the United States. Some students take up to ten years after graduation just to pay back their debt.

Try not to depend on student loans to finance the bulk of your college education.

Try applying for college grants and scholarships first before applying for student loans.

Here's a site that may help you:

http://www.instantscholarshipsearch.com

  

Answer 5

http://www.yabloog.com/get_student_loans...