[Manning]

Student loans are very easy to get, but before you go that route, you need to realize that life does not always go as planned. Once you get a student loan, it can NEVER be bankrupted (not that anyone would want to do that anyway) and the only way it could be forgiven is if you become totally disabled so you never work another day in your life. If you are unable to make the payments and it defaults, the government can take your federal income tax refund (and state, possibly) every year. They can also garnishee your wages (not a good thing for your reputation with your company).

Once you get a student loan, there is no avenue of escape if hard times hit. It's something to consider before getting them.

[LilaAlone]

Student loans are not always good but for some people they are the only option. Financial aid does not give enough grants to students who need them, forcing more students to seek loans. It's quite unfortunate.

[Freebird]

Yeah, that is why people shouldn't go to school just to get the loan money. You have to want to go to school so you will finish and get a job to pay off the loan.

[Manning]

There could be a lot of competition for jobs in your field when you graduate. You could be one that doesn't get a position and the job market today is very tight.

Do people really go to school just to get loan money?

[FinallyHome]

I have never heard of people going to school just to get loan money. It hardly seems worth it. They would need to go to classes and maintain a certain GPA to stay in school. They would probably make more money by getting a job.

[Livvie]

Actually you can get out of loans - it just takes years. I can't remember what it's called but after paying on them for so many years they can just go away. I dealt with it at work.