If you're looking to take out a student loan to pay for an undergrad or grad degree, you're about to join the club of Americans also
carrying large amounts of student loan debt — $ 1.4 trillion total across the U.S., in fact.
They may have
large amounts of student loan debt that may take years to repay.
I'm in a similar situation, with
a large amount of student loan debt, but most of it was not spent on tuition (I had a bad drinking and gambling problem for awhile).
In addition, Carlson said that taking on
a large amount of student loan debt might lead to a financial disaster, especially if you already have previous debts, get laid off, encounter health problems, or other unprecedented circumstances.
Most college students take out loans just to afford college, and then they're bombarded with
a large amount of student loan debt as soon as they graduate.
That's a great salary and means they can handle
a large amount of student loan debt.
If you have
a large amount of student loan debt, a low - to - modest salary, and, most importantly, don't anticipate your income increasing much over the next couple of decades, you should give it serious consideration.