Wednesday, May 9, 2007
Student Loans-Beware
I think that the culinary school students took so out such large student loans because since the culinary training can cost more than other kinds of schooling with the classrooms being small with equipment and ingredients that are expensive but basically because they often come from blue-collar backgrounds and do not have financial experience to navigate world of college costs. My feelings toward student loans is that they are good for when you really don't have the money to pay for your supplies such as books and extra classes that are needed but on the other hand if you take out too many,you will be left with about $20,000 or more that you will need to pay back as soon as possible to the school and that will take probably 20 or more years. But i know I will be taking out loans because I know I won't have money to pay everything because I'm not rich. :)
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