Tuesday, May 8, 2007

Student Loans - Beware


College is just around the corner and alot of student loans are being taken out in order to attend college. One of the biggest fears of many college freshman is dept. Interest rates are going up as well. After reading ‘Top Chef’ Dreams Crushed by Student Loan Debt I realized that you should really think before you take action.
I believe a lot of the culinary school students took out such large student loans because they were passionate about cooking as an occupation. A lot of people go great lengths to achieve what they want and to be successful and to be the best you have to attend the best schools. I especially think that since becoming a chef isn't such a popular major it's more expensive since only a few select schools offer it. I think student loans is a very convenient way of paying back money when you can't afford it at the moment. It gives the person an oppurtunity to go to college without paying much attention to the price rather the education the school has to offer. I'm actually taking out $3,500 in student loans for the whole year because most of my tuition was covered from scholarships and grants.

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