9/14/08

Possible Debt or School Loan?

Not only are gas prices rising but school tuition is rising also.
Lately, I have been faced with the question that many working college kids seem to ask. How should I pay for school? In our society where gas prices are changing every week, how does a college kid budget accordingly. Knowing that a new semester of college has rolled around, I started receiving endless amounts of my account balance, what option should I choose? I have to make it fast. Should I take out a loan for school and pay it back once I graduate.Or should I pay the bill off and live pay check to pay check keeping myself wide open to possible debt?If you were me, what would you do?

2 comments:

Steven said...

Hey Sierra, I know exactly how you feel about deciding what to do about paying for school, and once you pay for class how much are th books going to sent you back. what I decided to do was to take out a loan and have a percent of my paycheck go into a savings account. By the end of school I should have enough to pay it off. Th trick I learned was have the money go into a different bank account that you dont use very often. Because the easier it is to get to the more I wanted to buy something else. Good luck with making a decision.

Gwen Oloto said...

Hey Sierra,

I'am sorry I have not been bloging lately. I've ran into some life problems but now I'am back. You do seem like your in a tight squeeze when it comes to getting a loan or paying it back fast. So, I think you should sit down with people who understand these types of situations a little bit better than we do. But my idea would be to save a little from your paycheck bit by bit and pay back the loan at a slower rate so you can still deal with society on your level of income. All I'am trying to say is be careful what you put out because you still want to be able to afford some things that we deal with on a daily bases. Just keep asking questions, the more you'll be informed.