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What is the negative affect of student loans?

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2006-11-19 23:20:55
2006-11-19 23:20:55

If it is your only option, I argue the negatives are trumped by the positives of having a higher education. First of all they are loans, so it is a debt. Incurring debt, by default, is generally considered a negative. You cannot get rid of them by filing bankruptcy, so don't think that is an option either. Where people run into the most trouble is either A. deferrals - which delays repayment, but the interest continues to increase the total amount due B. They don't pay them at all, and end up with garnished wages. They are generally lower interest rates (even at the private level, def. on the federally) then credit cards or other methods you could attempt to finance education.

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