Student Loans are Evil
For many, student educational loans are the only way they can afford a higher education. No matter how hard you study in high school, how well you score on the SAT or other college entrance exams, or where you graduate in your class — by the time you get ready to apply for college, chances are you will not have enough money to pay the expenses on hand. In the early days of student loans, some doctors and lawyers would file for bankruptcy immediately after graduating, have their college loans discharged, and then begin living a prosperous life without having to pay back their loans; because of them, college loan law revisions have made these loans almost impossible to discharge.
There are some cases when a person simply must resort to college loans, but if there is any other way around it, it’s preferable to avoid them whenever possible. Students do not enjoy the same consumer protections as those who receive other types of loans. Your best bet is to continue living at home during your college years, attend a community college with lower tuition and more grants and scholarships available, and then transfer to a college close enough to commute to and from.
For more reasons why student loans are evil, click to expand the graphic image below:
