Educational cost can really make some students poor after college. There are so many students who are in debt right after college because they took out so many college loans. Nowadays, you might not get the job because of poor credit score or large loans from college. Many jobs now do credit check so you should take that into consideration even though it’s just loan and not debt.
Taking out a large loan is never a good idea unless you have no other choice. This is true with medical student or law school student who can’t afford to work to support their college cost. However, if you’re in an easier program, you should work to pay for your educational costs. You should also work part time to pay for your personal cost too like rent, car expenses, food and beauty products. If you take out a loan for these things, it’s never a good idea. You will find yourself buried in debt and you have to pay for it over time. You won’t be free of debt unless you work really hard right after college.
When you’re deciding on a major, you should research it carefully before you want to go into it. If you don’t research it carefully, you will end up paying for classes that you will drop or will change later on. Many college students change their major within the four years that they’re in college. They also will not do the work that they study in college. This is strange but it happens all the time. You have doctors and lawyers who will not want to do their job out of college. They rather do something else. Yes, it’s strange but you discover yourself along the way. I know that I didn’t do what I studied in college. What I do in real life, I can’t imagine me studying in college either. It’s really strange but it happens to people all the time so you should never invest heavily in a major and get tons of loans unless you’re absolutely sure that you will study it.
You don’t want to spend 100k on your education and then drop out of college or change it at the last minute because it happens all the time to people. This is why you need some serious thinking and make a serious decision before you take out any loans. Unless you really need a loan, you should consider studying little by little and pay for it by yourself. Some people pay for their education by themselves while working at frivolous jobs. You should also think about working hard to save for college. It’s an investment. You have to think of educational cost as investment. You can use your degree for the rest of your life. It’s worth your savings. You can also get loans from family members since it’s not that high of an interest to loan from them. It’s harder to loan from the government and you need to keep up your GPA too.