Considering College? A Student Loan Can Help
Published January 11, 2012 | 
If you are considering higher education, or have children thinking of attending, you’ve probably already calculated yearly costs. A college degree can reach into the 40 thousand dollar per-year mark. In addition, the price of a collage degree (at least a state school) rises 8% per year.
If you are not a trust-fund child or you haven’t won the lottery, you should consider financial aid and loans. Taking out a student loan extends the time you have to pay for your degree, and in some cases, your loans can be forgiven if you cannot pay (although I wouldn’t bank on that and ignore your payments for fear that your car will become property of the government…)
A college loan allows you to afford to earn a degree and gives you an opportunity at a future generally denied to high school grads. Apart from the fact that you make thousands more per year with a degree (on average), you’re also more likely to be promoted and given greater responsibility from your superiors.
Although it is very expensive, a college degree is certainly a worthy investment. If you plan on attending college, do your research in advance to learn more about student loans, financial aid, and scholarship opportunities.
