Student Loans?

Students that have gotten a student loan... please help:





Feedback on -student loans- for an undergraduate about to embark in the college life... 26yo (starting a little late)





What are the pros and cons of getting a Student Loan.

Student Loans?
Pro - they have lower interest rates than regular bank loans, credit cards, mortgages, or car loans. You don't have to pay them back until you graduate. If you get a substidized loan, you don't have to accumulate interest until you graduate either. And you don't have to use them just for school stuff. I've used them to pay my rent, loan bills, books, fees, clothes, you name it.





Con - not having a job when you get out of college means you have to put off paying them back until you do - but you accumulate interest. And if you take out a lot of them (go to medical school or something) it can take you more than 20 years to pay off.
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Reply:for me there was no weighing of pros and cons. student loans are the only way that i am able to attend university. if i had the money to pay for my tuition, i would. but that isn't an option for me. get one if you need it, don't get one if you can afford to pay for school yourself.

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