How wise is it to take out a college loan?
Saturday, February 28th, 2009I have three choices.
One is go to CSU Fullerton, which is affordable. In that case, I could live at home and not have to take out any loans. Or, I could go to Santa Monica College in Los Angeles. I wouldn’t have to take out any loans either, but I would have to get an apartment, so it’s a bit more expensive.
Or I could go to Richmond, the American Int’l University in London. This option is approx. $40,000 US dollars a year, and I would have to take it all out with loans.
I would absolutely love to go to the school in London, but is it wise to make such a commitment for repayment? The length is a 30 year term, so I would be like 50 or something by the time it is all paid off.
ODONNELL






