When growing up I learn to manage my own money. I do not shop unless I need something important. I work hard to pay for something like college expenses. Student loans have advantage and disadvantage that can create the future of a student.
Student loan defaults are the result of bad decisions (Sullum). Students who borrowed student loans can be a lifetime servant paying for their loans. The government can extend college costs if they borrow money from them (Sullum). The student should know how to decide what the right choice for their college degree is.
First, excessive debt prevents people from saving for retirement (O 'Shaughnessy). Most of us are busy paying for our common needs. Some students who graduated from college are busy paying for their college debt. Some of us are busy paying other important expenses. Student loans carry interest (notmadeofmoney.com). I was afraid of …show more content…
We have to pay every year for our health insurance that includes dental, hospital, health specialists and other health givers. Home mortgage can be one of our expenses, especially if we just got off from college and purchase own house. Car insurance and maintenance can also be part of our expenses because if the car broke or got in an accident. We have these expenses to be ready for what possible unexpected events in our lives will happen.
Student loans can be good in some way, but it can affect our daily needs in our own destiny. Students have to put more time in choosing to use student loans. They have to decide whether they will be able to pay back of what they borrowed from the government or the private sector. Student loans are a bad debt to have because it can affect the future life that students are dreaming for their future living. I do therefore is against the student loans because they are the hindrance to enjoy the life of owning a home, car, and be able to pay for personal