i am worried about student loans. thinking about taking 24K out with a loan makes me very nervous. should i just take out the loan and go for it? i'm very good with money so i don't know why i'm nervous about it....any tips?
2006-12-06 16:22:37 · 9 answers · asked by Starry Eyes 5 in Education & Reference ➔ Higher Education (University +)
Well if you are very good with money than you should just do it. Pray to god every night that you will be able to take care of the loans. If you just believe in him everything will work out just right for you. My brother was kind of nervous about going to college because he didn't think he could keep up with his loan payments and stuff..but he went to college for about 3 yrs. and while doing that he found him a good paying job(in the field he was going to college for) and then he graduated and payed off all of his loans..and now he is going back to college to get his bachelors degree! So I believe that everything is going to work out just right for you..since it did for my brother!
~*~Miss Breanna~*~
2006-12-06 16:30:57 · answer #1 · answered by ♥Miss Breanna♥ 2 · 2⤊ 1⤋
I'm in my 2nd year in grad school and there was no way I could pay for it on my own. I took the fedral loans and it's been working out fine w/ me. I live like a student now, so I can live like a graduate when I'm done. Loans are going to pay themselves when you graduate and find a job. SO don't let loans get in the way of pursuing your dream. Make a budget for how much u exaclty need, and only get that amount.
2006-12-06 19:03:39 · answer #2 · answered by fldrod 3 · 0⤊ 0⤋
Do anything you can to become as educated as possible, especially if you have the drive!
I am in debt for other reasons and am doing everything I can to get a loan for grad school. Student loans have reasonable payback rates, and sometimes you do not have to pay until 6 months after graduation--by then you should have a good/better job! The interest rates are also lower. If you continue in school, you can defer your loan until you are done.
2006-12-06 16:24:49 · answer #3 · answered by ? 3 · 2⤊ 1⤋
School loans are some of the easiest to deal with. The government and the banks that provide them know that they have nothing other than your mind as collateral for them, so they are very helpful in setting up payment plans, deffering if you're laid off or unemployed, and generally just helping you pay back the money you owe. Higher education (college, trade school, etc) is almost always well worth the money you put out for it.
2006-12-06 16:30:16 · answer #4 · answered by skachicah35 4 · 1⤊ 1⤋
24k is like the price of a sedan. for the price of a new sedan that you would use for maybe like 5 yrs, you can get an education that will serve you a lifetime. also, student loans have way less interest than car loans.
2006-12-06 16:31:51 · answer #5 · answered by whatwhatwhat 5 · 1⤊ 1⤋
$24,000 x 4 years? No.
Seek out financial aide and/or full-time jobs during college. Work a year or two, saving as much cash as possible. You don't want to start off in the workplace with $96,000 in student loans (plus interest).
2006-12-06 16:45:09 · answer #6 · answered by ty 3 · 1⤊ 0⤋
I wish I had your problem. I took out $140k. I do have a Ph.D. though. I have a friend who is taking out $450 k- that's right, about half a million. By the time I pay mine off, it will be 250k.
24K is a decent car. Go for it.
2006-12-06 16:26:14 · answer #7 · answered by Anonymous · 1⤊ 1⤋
If your income is low, check into scholarships and grants. Also, look into subsidized financial aid. I came out with over $30,000 in debt. Because it was all subsidized, I now pay less than $200/month after I consolidated.
2006-12-06 16:28:08 · answer #8 · answered by Linkin 7 · 3⤊ 0⤋
federal aid, scholarships, try to get as much as possible before taking out loans.
2006-12-06 16:30:04 · answer #9 · answered by scott p 3 · 2⤊ 0⤋