According to a recent article by MSN Money, college graduates are leaving school with an average student loan debt of $24,000. Student loan debt has been the subject of much debate, forcing college students to examine the real cost of education. While traditionally student loan debt has been seen as “good” debt, we have to wonder if this opinion will change as students continue to rack up large sums. While loans may be the only option for some to attend an institute of higher learning, it is true that many students could avoid student loan debt by pursuing other options.
During my time in school I have heard some interesting reasons for taking out student loans. Here are the top 5 worst reasons I have heard for taking out student loans: [Read more...]