Should I take advantage of student loans?

I don’t think I’ll get enough scholarship and grant money to even come close to covering the cost of my four years. Should I take out student loans?

Professor Roberts:

One of the most important pieces of advice I give to prospective college students is to stay clear of student loans. You must graduate debt-free.

And there are several reasons for this:

As I say in my book, if your overall goal is career or financial security, then everything you do must be geared toward that goal. Never, ever lose that focus. And always remember, there is no guarantee that you will get a professional entry-level job upon graduation. In fact the chances are good that, even if you graduate with honors, there will be no job waiting for you.

But there is one guarantee that I can give you:

The debt that you have incurred to get your “wonderful” education will be with you when you graduate. In other words, you may not get a professional-level job, but you will have a substantial level of debt to pay back.

But expenses are controllable. In fact, the amount of debt that the college student will have when he or she graduates is in their control. The student and the financial benefactor can decide how much debt the student will have.

So, given this, I would suggest a secondary goal to that of your career need:

Graduate from college with no debt at all!

• no student loans

• no credit card debt

If you need some clarification, please feel free to contact Professor Roberts directly.

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