I’d like to present my top five reasons for getting a student loan, based on my own experiences in college and in business.
Have the perfect student lifestyle. College is often the best. It’s the first time you moved in. The first time you live with people your age. It has the potential to be the time of your life. You can’t expect people to give you everything for free now. You need financial security to be able to have a good time. College can be boring if you’re stuck at home all the time because you don’t have enough money. Private student loans can help you eliminate financial scarcity and help you have a good time.
Get the best quality stuff. Course material is usually very expensive. Equipment is not cheap. Investing in fees is a waste without the right equipment. Federal and government loans can cover some of these expenses, but there will usually be a limit to people’s generosity. Private student loans can help fill the gap.
No limitations to apply. There is no deadline for private student loan applications. There are so many deadlines when you apply to university. Taking the stress out of your finances allows you to focus on the closest and most important deadlines you need to meet before you head to college. Your choice of university is very important for your future and if you are stressed about dealing with all the financial nonsense, you will not be able to design an amazing application form.
Don’t pay until you graduate. Compound interest sucks. You can wait to pay off a private student loan until you’re earning money. That’s amazing news because it means you can relax and enjoy the student trip without having to worry about dealing with constant payments, like creditors every couple of months.
Get useful gifts from your lender. People who run companies that sell private student loans are always looking for an edge. It’s a cut-throat business and there are always newcomers trying to make money. This means that it is a buyer’s market and you should take every opportunity to get original stuff from these people. Eventually, they’re going to make a bit of money off you, so you might as well get as much free stuff as you can.
