Comments on: 10 Tips to Minimize Your Student Loan http://studenomics.com/debt-reduction/10-tips-to-minimize-your-student-loan/ Fri, 10 Feb 2012 19:14:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Justin http://studenomics.com/debt-reduction/10-tips-to-minimize-your-student-loan/#comment-19167 Justin Mon, 11 Jan 2010 16:26:20 +0000 http://studenomics.com/?p=3261#comment-19167 Having received an expensive and impractical degree in creative writing, I can safely say that such an education would not be worth a large debt. I was fortunate enough to have most of my school paid for by family, but after graduating I've struggled to make decent wages, and now I find myself going back to class studying a more practical post-graduate topic (veterinary sciences) in the hopes of making a better living. This time around, there will be sizeable debt, so I need to be sure I'm ready to pay it off when the time comes. Hopefully the "more employable" degree will help in that regard. Having received an expensive and impractical degree in creative writing, I can safely say that such an education would not be worth a large debt. I was fortunate enough to have most of my school paid for by family, but after graduating I’ve struggled to make decent wages, and now I find myself going back to class studying a more practical post-graduate topic (veterinary sciences) in the hopes of making a better living. This time around, there will be sizeable debt, so I need to be sure I’m ready to pay it off when the time comes. Hopefully the “more employable” degree will help in that regard.

]]> By: Studenomist http://studenomics.com/debt-reduction/10-tips-to-minimize-your-student-loan/#comment-19131 Studenomist Mon, 11 Jan 2010 06:18:53 +0000 http://studenomics.com/?p=3261#comment-19131 I agree with both of you. Future earnings must be a deciding factor when deciding on your future education/student loan situation. If you know you have the opportunity, ambition, and work ethic to make lots of money in your given field then go for it. If you're in school simply killing time it may not be the greatest idea to acquire lots of debt to earn your degree. All I will say is that an expensive degree is nice, but you must know why you want it. I agree with both of you. Future earnings must be a deciding factor when deciding on your future education/student loan situation. If you know you have the opportunity, ambition, and work ethic to make lots of money in your given field then go for it. If you’re in school simply killing time it may not be the greatest idea to acquire lots of debt to earn your degree.

All I will say is that an expensive degree is nice, but you must know why you want it.

]]> By: Edwin http://studenomics.com/debt-reduction/10-tips-to-minimize-your-student-loan/#comment-19113 Edwin Mon, 11 Jan 2010 04:25:21 +0000 http://studenomics.com/?p=3261#comment-19113 I think that if something takes away from your studies, you should just stick with a student loan. For example I know a few people who keep taking time off to work because they are afraid of the debt but if they had gotten through school with a debt they would be doing much better financial now even taking into account the debt. This is less true if someone is going to school for a less lucrative education (social work or the like). I think that if something takes away from your studies, you should just stick with a student loan. For example I know a few people who keep taking time off to work because they are afraid of the debt but if they had gotten through school with a debt they would be doing much better financial now even taking into account the debt. This is less true if someone is going to school for a less lucrative education (social work or the like).

]]> By: SP http://studenomics.com/debt-reduction/10-tips-to-minimize-your-student-loan/#comment-19005 SP Sun, 10 Jan 2010 04:09:31 +0000 http://studenomics.com/?p=3261#comment-19005 These are great tips -- I'd add that one should be realistic about the college you attend. There is nothing wrong with attending an expensive college if you (or parents/family) can pay for it, or your career has a very good chance of being able to pay off loans without strife. But it is naive to not consider costs at all if you are on your own and pursing a lower paying career. These are great tips — I’d add that one should be realistic about the college you attend. There is nothing wrong with attending an expensive college if you (or parents/family) can pay for it, or your career has a very good chance of being able to pay off loans without strife. But it is naive to not consider costs at all if you are on your own and pursing a lower paying career.

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