The Motley Fool Discussion Boards
Personal Finances / Living Below Your Means
|Subject: Re: Don't do this....||Date: 2/28/2014 5:08 AM|
|Author: Commodore64||Number: 880546 of 896138|
"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."
Perfectly acceptable to take out loans for med school if you are 22.
Or loans to be an engineer or whatever at 18.
Because odds are you will have a decent income and plenty of time to pay them off.
But it's ridiculous to take out large loans at a late age for a career field where one will make little money at age 60, as the moron in the article did.
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