Benefits Of Student Loans
Student loans are an often unnecessary burden of today’s society. There are many reasons to not get into student loans; firstly, a student can simply avoid applying prestigious college that they are not able to afford. Secondly, many students believe they will graduate in 4 years when often just one in three students end up graduating in 4 years so they must take into account how long it will be before they actually start working. Lastly, students usually fall into the trap of believing they’ll be able to pay off the loan as soon as they get out of college. All of these reasons help prove that Student loans are not beneficial to any student no matter how good the interest payment may be. Student loans can be avoided by simply choosing a school one is able to afford. For a start, many students at a young age are told and influenced to go to very overpriced and prestigious schools like Harvard or Princeton. Especially when young adults begin to apply to college the thought of going to schools like Harvard becomes exciting. Often people don’t realize that if they can't afford the school they shouldn’t apply there. When a student gets accepted into a school they are not able to afford then there is a rush to go apply for a student loan
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Thus, there are many reasons that student loans are not helpful firstly, a student can simply avoid applying prestigious college that they are not able to afford. Secondly, many students believe they will graduate in 4 years when often just one in three students end up graduating in 4 years so they must take into account how long it will be before they actually start working. Lastly, students fall into the trap of believing they’ll be able to pay off the loan as soon as they get out of
Thus, there are many reasons that student loans are not helpful firstly, a student can simply avoid applying prestigious college that they are not able to afford. Secondly, many students believe they will graduate in 4 years when often just one in three students end up graduating in 4 years so they must take into account how long it will be before they actually start working. Lastly, students fall into the trap of believing they’ll be able to pay off the loan as soon as they get out of