So, you got into the college of your dreams. Congratulations! But now you need to figure out how you’re going to pay for it. And as well all know, college doesn’t come cheap. After factoring in scholarships, grants and other forms of financial aid, it’s still more than likely that you’ll turn up short. That’s where student loans come in.
You should think over student loans very carefully before deciding to apply for or accept them. According to StudentLoanHero, Americans owe more than $1.48 trillion in student loan debt, and the average student loan debt for Class of 2017 graduates was $39,400. It’s easy to let them pile up, and they can plague you long, long into your adulthood. (Just check out these horror stories if you don’t believe us.)