Student Loans: Good or Bad?

06/10/15

Did you know that the average student loan debt for graduates of the Class of 2014 was approximately $33,000? That’s no small chunk of change, and it has many people wondering if the cost of a college education is starting to outweigh the benefits of earning a degree. Personally, I still believe that it’s well worth the time, effort, and cost — if people make smart decisions and follow a few simple rules. Like any investment, students need to look at the big picture, factoring in cost and return before taking out any student loans. Unfortunately, far too many students wind up with buyer’s remorse because they failed to think about the long-term effects of taking on too much debt. For a great checklist of things students should consider before signing on the dotted line, head over to Unigo.com and check out its latest blog post, “Student Loans:Friend or Foe?

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