According to The Wall Street Journal consumers now owe more on their student loans than their credit cards.
This does not surprise me. The American way to to get what you want now and worry about paying for it later. Students loans are cheaper than putting the tuition on a credit card but both ways have pros and cons.
Being a non-traditional student and making the decision to return to school was a big step for me. Money was a huge factor and I made the decision early on if I would only take as many classes as I could to afford to pay for out of my budget. At my age I did not want to accrue any more debt and charging it on a credit card was out of the question. If you are lucky enough to have grants and parents absorbing the cost you are so lucky. But for those of you who are paying your own way be careful and don't get too far in debt .
I know if you are like me you are in school to further or start your career. I don't want to see anyone become a statistic that could affect us for years to come. If you do take out student loan don't take out more than you need and start paying them back as soon as you can. If you have to charge on a credit card try to pay the balance monthly. I want to see all of us succeed and not be buried n debt.
I think it is ridiculous how much they charge people to attend college now days and they want American kids to become smarter. How can they do that when it cost them a fortune to go to school. But that is true that’s the American way put it on credit cards and pay for it later everybody does it.
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