Help with college?

Question

Okay, so I applied for admission to the American University in D.C. since I feel like I've chosen the wrong school (I'm a bit of a nerd) but AU is pretty expensive and is a HUGE leap from my current school. Funding would be a little difficult.....so I've been thinking about college loans....do you think thats a good idea....? I mean acquiring DEBT and everything...Do you have any suggestions?

Answer 1

So many people go in to debt for university studies these days - it is not uncommon - but nonetheless - I personally don't think it is wise. If you can find a more affordable school that provides a good quality education perhaps you can avoid loans or certainly reduce your debt. There are many very fine public institutions in the U.S. that provide an excellent education at significantly less cost than what you will pay at AU.

Answer 2

To contain your expenses and get more one-on-one attention, you could consider attending a community college for the first two years, then later transferring to a four-year college. You will receive the same courses, at 1/3 the tuition cost. That is a considerable savings!

Transferring to a college in your junior year is not difficult. The main thing is to stay on track with by following the course catalog of the college from which you plan to graduate. If you have questions, an advisor in Student Services will help you.

Best wishes.

Answer 3

Debt is pretty much a fact of life if you are going to college these days. The only thing I would look at is what you are planning to do after college. I would be hesitant about taking out loans if my eventual career goals were so low-paid that I wouldn't be able to pay back the loans, but otherwise, I would go for it.

Answer 4

luckily the rates on student loans are much lower than they would be on regular loans. I highly recommend you capitalizing on this chance to get cheap rates and go to a pretty strong school.

Answer 5

No that's a bad idea but if you have no other alternatives then go fo it.