Credit and Student Loans...

Students understand it just fine, here's the deal, not everyone can go through college without taking out loans, epsecially if you're going to a private school. Not everybody gets full rides. For a lot of students their options are as follows: get a loan, join the military and risk your life to try to get money for school, or don't go to school period. I disagree and say the loans are worth it if you don't have another way to go: Check out this article: http://www.investors.com/yahoofinance/2004w44/storyA03.asp Research shows that the lifetime earnings of a college grad is more than $1 million dollars more than a high school grad. So even if you did take out a loan for $100,000 over the course of a lifetime you would more than make up for it. College loans are good debt, they should be looked at as an investment. Plus contrary to popular belief having students loans does not jack up your credit. As long as you make your payments, you're good. Plus your student loans is deferred until 6 months after you leave school. So you don't even have to think about making payments until 6 months after you graduate, and even longer if you go to grad school. The Department of Education will work with you on paying it back. I think the problem with student loans starts is when people want to forget about them after they graduate and get those nice jobs. But yeah, like I said there's nothing wrong with loans. They're a part of life. You have mortgages, car notes, small business loans, etc. It's all about how you manage them. Now if you want to take about some bad loans, talk about credit cards. That's what jacking young folks up. Trying to live beyond their means. Makes me think back to the "Guns and Butter" speech Ving Rhames did in Baby Boy and one of the lines of advice Ice cube dropped in "Higher Learning".