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No. of Recommendations: 7
Student loans are EVIL. If one does not have the capital to attend a four-year college or University one should work until the necessary funds are saved.

Spoken as someone who was able to work for a summer to earn enough to pay for a year's worth of college. Oh the good old days! My entire bill for 18 hours of classes my first semester in college was less than $300. I remember the amount because it was also less than the total rent on the apartment that my best friend from high school rented while she was in school. Today, at a state university, a semester with housing, is expected to run more than $9,000.

My part-time job in college paid minimum wage. I think it was something like $2.95 an hour. I was easily able to work over the summer, bank my pay and then pay for my tuition and fees upfront. I can't imagine how long it would take a prospective college student to work to be able to come up with enough extra money to pay for college themselves with no loans. Sure, if the bank of mom and dad is available, but if not, it just isn't realistic. The student would miss out on years of potential earnings just to pre-earn enough for each year.

Student loans are a tool. I advise against private loans because their terms are awful, but if you qualify for federal loans, there's no harm in taking out the minimum needed, not wasting a penny, and getting through school as quickly as possible.

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