Is it better to take class as you can afford them and graduate w/o debt or to take out loans & get done quick?

Answer 1

taking out the loans and getting done quick is by far the best solution as long as....
You manage to do something with the education you just paid for when you get out of school.

as long as that's the case I say go to school to your hearts content school loans are the best low interest rates tax deductible in some cases and an education can help you in so many ways. Plus it'll give you a few stress free years away from work to develop yourself. My one regret from school is that I didn't take out more loans and I stressed myself working for like 5-10 dollars an hour. If I had just taken out 4-5k extra a year I'd have had no stress and could have concentrated more on studies. Paying back an extra 20k now is nothing compared to not only what I make but what I will be making in 5 years. (but I got a good paying job out of college computer science).

Answer 2

I don't think there is a blanket best way for this question. It depends on varying circumstances. How do you afford to live while in school. How great a difference is there in the wages you make in school and your likely wages after you graduate. What type of career are you pursuing, some employers prefer younger graduates. Employers might also reject you when you apply for a job if they think you had a hard time finishing school.

With all that said If you can obtain you degree quickly without subjecting yourself to onerous debt after graduation, I would do it. Also make sure your prospects for employment after graduation are good.

Answer 3

Take loans and get out faster. The other way could take you waaaaay longer than the 4-5 years it would take you if you took loans out. That way you can be making more $$ from a degree-worthy job.

Answer 4

Get it done quick. Don't mess around. Take the maximum number of credits/units each semester.