Is it a better Idea to take out loans and go full time for school now or wait and take things slower.. $7000.?

Question

I have been awarded enough financial aid to go to school full time, pay my bills, but in the end I'll be at least $20,000 in debt. If I go slower, I don't need as much money to pay my bills because I can work full time at the same time. Everyone says to take the loans and I am afraid to ruin my life for the future. It's a very big decision, so I've decided to do what every sane person would..ask Yahoo....

Answer 1

Go to school and take the loans.

In the long run you will have more time earning wages at a college graduate pay scale and be able to pay them back.

I droped out with a 3.96 GPA to support my family. I loved school but couldn't get enough Financial Aid and had to quit in my second year.

Don't wait, go now get it done and start earning for yourself and contributing your knowledge to society.

You will make more money sooner and can then pay back your loans.

Answer 2

Things may not be a bleak as you think. The income tax has a "Hope Scholarship", which I think now is something like a $ 5000 write-off on your income taxes provided, of course, you have income while you are in school. Also, there is an education deduction (which is different) you can apply for up to $10000 in a lifetime. The common denominator of course is to have a job - my guess is that a part-time job would be better unless you are counting on the job to support you.

I don't know where you are going, but you might want to consider a community college for one or two years. Many of these courses are "boiler plate" for a four-year degree, and can be accepted by a four-year college in lieu of their own courses. But you will have to check into this.

Answer 3

You might as well take it all now and just worry about paying it when you graduate. The last thing you need to worry about is taking $7000 worth of classes then paying it off then go back to school and the whole cycle starts over again. Live at home or dorm, Get a student credit card, pay for your classes, books, supplies with that, and when your financial aid comes in, pay off your credit card with that. Student credit cards offer you high credit amounts with low interst rates....

Answer 4

Dr. Laura says create a non emotional fact based habit chart. Create a grid on a bite of paper with one inch squares. alongside the authentic write twenty outcomes from gentle to intense which would be a punishment ie a million, day out, 2, loss of ipod sooner or later, 3, no cellular telephone a million day, 4 grounded sooner or later, 5, loss of ipod one week etc etc. merely boost the outcomes slowly getting worse. All issues that she wont like yet no longer something abusive. Then down the left area write the column of issues you like her to renounce doing. slam doorways, being sparkling, asserting 'i do no longer comprehend' previous due for college, swearing, the record might nicely be as long as you like. then, communicate with regard to the chart. she ought to conform to the themes and outcomes. while she does some thing on the chart verify the container and make effective the end result's completed. because of the fact the outcomes worsen she would be in a position to with a bit of luck have discovered to renounce behaving in that way. you will experience much less emotional. it works.

Answer 5

you dont want to work full time and go to school, seriously it is no fun. i did that last semester and i was beyond stressed out. when i went undergrad, i saw college as something i needed to experiance with out worrying about working, i worked part time barely and altho i am in the hole, im not in the least worried. you have your whole life to work and make money to pay back school. get it done with so you can do what you want. :)

Answer 6

mannn, if you could get a loan to pay for all your rent and transportation and schooling... i'd max out my credits every new session. Just get it out of the way... make that your focus...school and school and more school... then go get a job afterwards where you only have to work 20 hours a week and make bank... you can rest then. good luck.

Answer 7

No loans unless your desperate like for a car etc. I took a $3000 loan for my car, paid it off, got a full time job and then took out $10,000 for another car once I paid off the first. Take it slow and dont borrow money unnecessarily, its not worth the hassle. Save for a house as much as you can.

Now that I have helped you, can you please help me? Answer my question please.
http://au.answers.yahoo.com/question/index;_ylt=AhuJvQkeUiOCw6V42jopiDfg5gt.;_ylv=3?qid=20071107184325AAqBpQk

Answer 8

take thing slow first then think about taking out loans you go to make shore you are going to stay in school

Answer 9

Money is the prior requirement for education especially higher education. Today, education plays a vital role in the modern life so if you are interested for your further studies and eager to turn your directions; finance acts an obstacle then avail loans for students.

Loans for students are designed keeping in mind student’s precious studies which entail lot of money to build the career of the person. Loans for students help the students from various age groups to support their education. Though, student belonging to various sections of society feels secure to opt for the student loan. Loans for students help the student to deal with all the expenses that are to be incurred during his education phase like it includes entire cost of the student’s education from tuition fees, accommodation, books, and computers to transportation and many more.

Loans for students are opened for various courses like regular, part-time, distance education etc. Therefore, depending upon the cash need borrower can avail secured or unsecured options. In secured loans for students lender favors him lower interest rate and greater amount which is borrowed for larger repaying duration. Apart from that in unsecured loans for students borrower is accountable to smaller amount and it comes at higher interest rate. Therefore, if you are searching for the student loans then you can avail many options that are suitable to your requirement.

Before raising loans for students borrower must look into the amount that a course require so that on basis of the amount borrower can raise the loan amount. This amount is depended upon the fees and other expenses that the borrowers want to cover under student loans. Student with bad credit can also avail loans for students as for that student have to take the loan along with a co-signer who has a good credit history. This way interest rate is also lowered otherwise they may charged little higher interest rate.


Banks, financial institutions, online lenders etc are ready to offer the loans for students. But students considering their precious time and finds easy to via online as it provides easy access than other source. There are a large number of requirements other than college or course fees. Some of the most crucial are computer expense, hostel charges, books and so on. The best college student loans are one which comprises all such expenses. But, to qualify for any such one, you have to give it your best shot as far search is concerned. Such purpose can be accomplished by exploring World Wide Web. You will find an innumerable number of lenders offering college student loans.

College student loans are the most lenient, as well as, flexible one. The interest rates of college student loans are nominal enough and above all, you will have ample time to carry out the repayment of the loan amount. It is usually after you have finished with your education and taken up some job.

The lenders trust students and you will also have to upkeep their confidence by making timely repayment of the loan amount of college student loans. Make sure to plan some schedule to repay the loan amount in advance to avoid any future trouble. You would also like to begin your career with unstained financial record.

http://a2z-loans.blogspot.com/2007/11/scholarships-and-loans.html

Answer 10

slow and careful--this the best way-every time we barrow money--we volunteer to give someone part of out life--and soul-maybe if you have a guareenteed job--in writing before you go into det