Getting a loan is good if you have no other alternative other than NOT going to college. But be warned… once you take the plunge and start signing those promissory notes, you can’t quit. NO exceptions. Otherwise you’d just be a college dropout with a crap load of debt and no degree.

Getting an education is an investment in your future. You should exhaust your options with scholarships and grants first before you apply for a student loan. Why use money you have to pay back when you can use free money? If you need more money, student loans are the best option. You will never regret the loans as long as you finish your degree and get a well-paying job. There are a lot of different student loans out there, some that are subsidized, meaning the interest is paid while you are in school, and some that are unsubsidized, meaning the interest accrues while you are in school. You need to understand all of your options before you decide to take a student loan. Go talk to a counselor at your school and do some online research. A good place to start is www.fafsa.ed.gov. Good luck!

Don’t listen to anyone except for the person that said that it is good as long as you finish school. I think it was jlm. There are no good and bad credit loans. My credit is shot and I have been getting student loans since 2005. My loan is no different than that of anyone else’s, if not better. You should get all the free money first, and then apply for a loan if you still need it, and keep in mind you can return part or all of your loan when you receive it, just ask your financial aid counselor. Also, its a good thing to apply early with financial aid so that you can get the maximum amount of grants. Also, the main ways to maximize your financial aid is one that I have already stated, and also to fill out your form as an independent. If you still live at home and are under 25 talk to your parents about it. They wont get the big tax break but you will get more aid with school, and its up to you guys as a family to decide which is more important. Loans also kind of depend on what you are in school for. I saw a lady on T.V. that went to culinary school and had 80,000$ worth of loans, and a job making 7.25$ an hour. On the other hand, someone like me, I have only about 10,000$ in loans, I’m not done with school and I already have a salaried job. My major is psychology. So do your research on your major and the jobs that your major will provide you with and consider all the rest that I and jlm have said and you will be okay.

It can be good or bad, depending on how wisely you borrow. Borrow only what you absolutely need, after making sure you’ve exhausted all the “free money” out there.

It’s important to calculate how much you’ll be expected to repay on student loans each month and compare that amount to what you think you’ll earn after graduation. Ask yourself these two basic questions:

– What percentage of my monthly income is the monthly loan payment likely to be?

-Can I make my loan payments, cover my living expenses, and start saving money?

Financial professionals recommend that monthly student loan payments be no more than 10% of your monthly income (before taxes). The more you will earn, then, the more you can borrow.

I’d go with bad. Yes you may get money towards school and everything but once you’ve graduated you need to pay that money back. If you’ve used a lot of money in loans then you’ll have a lot of money to pay back and if you don’t have a job then its really going to be hard on you.

Getting a loan is BAD!!! You’ll have to pay back all that money after you’re done college… That leads to more Stress in your life… But getting a grant is GOOD… Government grant are like free money… you don’t have to pay them back…

Did you know that 35 million Americans got -free- money last year alone? There is still time for you to claim your share today. All you need to do is know how and where to ask for it. Unfortunately the general public isn’t aware of the various programs available to them, and billions of dollars go unclaimed each year as a result.

Get the Free Money Advantage! Learn how to tap into million$ in available money for many purposes…

* Real Estate

* Business startup/expansion

* Research

* Education

www.freegrantsolution.com

Private or Federal loan…a loan is a loan, good question.

sometimes it is necessary, then it is good.

My mother is doctor thanks to a loan

I found interesting information about your answer, college loans with low interests, scholarships, college grants here.http://all-student-loan-consolidation.blogspot.com/2007/09/college-loans-your-friend-and-your-aid.html