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Why School Loans Are Still a Must

June 12th, 2012 · blog, Guest Post


With the weak job market and downtrodden economy, many students are becoming wary of taking on student loans. They see what has happened to fellow students who have borrowed thousands of dollars and are now unable to find work in their field. They are right to be cautious, but student loans can still be a good option for wise students. Here are three reasons why:

College graduates continue to make more money over their lifetime than high school graduates.

It is unwise to quote specific numbers, since the economy’s downturn means that what was true in the past is not true today. Nevertheless, those with college degrees continue to earn significantly more than those with only a high school education. In addition, many jobs that once required only a high school diploma are now going to college graduates. Right or wrong, a college degree may be necessary to secure one’s financial future.

College graduates gain experiences that will enrich their entire lives.

When one goes away to college, it is often the first time one has lived on their own. It is a time of making new friends and encountering new ideas. One learns to make decisions for themselves, while engaging in studies that will enrich their life. The experiences gained also add much to a resume, making one more attractive to potential employers.

College graduates get the opportunity to meet others.

While college is a time to experience diversity and learn the viewpoints of others, it is also a time to meet people of similar interests and values. Going away to college gives one the chance to interact with others who truly share their interests and goals. Many people have met their future spouses and made lifelong friendships in college. From a career and financial standpoint, it is a great time to network and meet those who can help one throughout one’s career. The benefits of college may make it worth it despite the burden of shouldering student loans. The key is to borrow only what you need, and to do so only after you have exhausted all possibilities for scholarships, grants, and earned income. It is important to keep in mind what you will likely earn with your chosen major, and not to borrow more than you will be able to repay. There are also many payment plans and other ways to pay your loans. With careful borrowing, student loans can be a reasonable way to pay for an education that will enrich your financial future for years to come.


Nora Charles is a freelance writer that has worked with many bloggers for several years now.

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