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Old 07-10-2008, 06:31 PM
sarahsmilehawk sarahsmilehawk is offline
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Join Date: Nov 2007
Location: Lawrence, KS
Posts: 109
Don't forget all the CRAZY interest you'll be paying.

My biggest concern about my own loans is that, even on a 20-year repayment plan, I may not be able to afford my minimum monthly payments. There are people out there (lots of them!) who graduate and get good jobs and still end up using A THIRD of their income to pay back these loans! That's money that should be going into your retirement fund, or your childrens' college fund.

Fortunately, you have time to mull all this over and make your decision when the time comes. But PLEASE don't take student loan debt lightly.
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