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Personal Finances / Living Below Your Means


Subject:  Re: Don't do this.... Date:  2/25/2014  6:24 AM
Author:  medgoddess Number:  880422 of 902727

One should not go to university or college if one needs to borrow in order to pay for it.

That's about as dumb a statement as any I've ever seen.

I remember after paying off a $25K medical school loan getting a letter from the bank congratulating me for repaying a loan taken out for "what we think is the single best reason for borrowing money."
I grew up in a lower-middle class family. Without loans, I never would have been able to afford med school. 17 more months and it will be paid in full.

And that would have been a loss for rural health care. Loans are useful if taken thoughtfully.
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