Student loans can be a good investment after you really take the time to look at it. Since college tuition is rising, more students are putting off going to school to work and save up money, instead of getting a student loan. But if you look at the differences between your salary before and after graduation, you will be able to see that you might actually be losing the opportunity to make more money than if you tried to save up. On average, an entry-level job after graduation, depending on your career, can be about $40,000 - $60,000, where as if you work before college, your salary would most likely only be about $15,000 - $25,000. This is a difference of nearly $30,000 that you could be making each year. Depending on your student loan, you could knock off this debt in a few years.
October 30, 2009
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