|
|
Post by michellemeyer on Nov 4, 2015 19:11:48 GMT
What are some consequences of taking on student loan debt?
|
|
|
|
Post by clarahanger on Nov 12, 2015 1:44:59 GMT
When you take on a student loan debt, the money you use to repay that debt comes from the money you make after you finish your education. Although you might have a better paying job, trying to repay your student loan debt subtracts most, if not all, of the extra money you make at your new job. Depending on the amount of your student loan debt, it might take years to pay off.
|
|
|
|
Post by alexandrafabulous on Nov 17, 2015 15:11:17 GMT
When you take on a student loan debt, the money you use to repay that debt comes from the money you make after you finish your education. Although you might have a better paying job, trying to repay your student loan debt subtracts most, if not all, of the extra money you make at your new job. Depending on the amount of your student loan debt, it might take years to pay off. Exactly, depending on where you go to college and for how long, you can rack up a colossal amount of debt. And if you don't get a high paying job, you'll be stuck with this debt for decades. It took my mom 20 years to pay off around $20,000 in student loans, nowadays the amount you would have to pay would be MUCH higher than that. If you have student loans then later on you will have to skip vacations and make a lot of sacrifices to be able to pay off your loans. |
|
|
|
Post by hgore on Dec 1, 2015 16:15:43 GMT
You have to pay that debt off and it stays with you until you get rid of it.
|
|
|
|
Post by mouser on Jan 14, 2016 0:45:31 GMT
You have to deal with it later on down the road no matter what the circumstances
|
|
|
|
Post by michaelameyer on Feb 19, 2016 21:18:43 GMT
I agree with Clara that ending up with student loan debt can end up taking over your life because all the extra money you earn will go to pay off the debt instead of going to you for things that you want to buy or do.
|
|
