Seven Student Loan Myths Debunked

Ah, one of my favorite topics: student loans, along with their nasty consequence: student loan debt. Over the years, I have constantly nagged my student and parent readers about keeping a rational mindset when considering the lure of financial aid packages, especially those of the seductive (and emotionally exciting) first year.

In the flush of excitement following a particularly coveted acceptance, the long-term implications of accepting a large portion of loans as part of a financial aid package can be something to cause significant regret in later years. Also, once an enrollment decision has been made, followed by a full year's on-campus experience, it becomes increasingly emotionally difficult to transfer if financial circumstances change.

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