I keep up to date with all the financial aid posts and people who receive loans as well. Recently, i see many people who take out loans. It is way more common then I thought and my question is, for me I would never take out a loan unless I really had to , for example most likely when i get to nursing school i will have to take out a loan. But i see many people just casually taking loans out, and more then one might I add. Are you guys taking these loans out for regular college classes? I'm just curious because It doesn't really seem to be a big deal to a lot of people, maybe for me I just don't want any debt idk lol. Can someone explain like are there payment plans? you can borrow more then one time? how long do you plan to wait before paying it back? And what kind of classes do you take in order to have to take out a loan?
Posted by Fun_Road_7490
1 Comment
In 2001 I graduated high school and I wanted to A) have a car and B) use that car to get to work / school.
I took out a loan for my car through the dealership, and I also took out four separate loans from my college. Together I had 5 loans total by the time I graduated with my bachelors. I worked hard after I graduated as an elementary school teacher and paid off all 5 loans before I turned 30. I am now 42 and have lived a pretty care free life with no kids. My ex husband did not want to buy a home (I suppose should have been a red flag since I wanted to buy a house) so I never ended up with a mortgage.
Yes. Being an adult means taking out loans for those dreams. Do you NEED college? No. A technical/trade school is just as good. The only thing to watch out for is going to a Trump University that wont give you a quality education. That doesnt mean you need to go to an Ivy league but go somewhere that isnt a scam.