Home about
articles press
How Private Student Loans Can Ruin
Your Life!
By MKOC Staff

When you take out loans to pay for an expensive lifestyle in college you forget that the money you borrow isn't yours. Just because you plan on becoming a wealthy doctor that doesn't mean you can take out thousands of dollars in student loans to live a Beverly Hills lifestyle. What happens if you don't get into medical school or law school or whatever program you've applied for? What happens when that dream job isn't waiting for you after graduation? With no money and no options how can you possibly expect yourself to pay back all the money you squandered?

There are college graduates out there that have $900/month student loan payments and make less than $2,000 each month. How can anyone live like that? Better yet, WHY would anyone want to live like that? College is only four years. Don't throw away the rest of your life to pretend to be rich. Why take out thousands of dollars in unnecessary student loans with the hope that you'll be wealthy after college? Is that a gamble you're willing to make?

More Like This:

8 Questions You Should be Asking Your Financial Aid Officer

As you're looking at the questions below, you may be thinking "What do pserks have to do with anything?" Well, it's been reported on the news that...

How to Turn Your Back on Wasteful College Spending!

As a bonafide shopaholic and purveyor of all things fashionable, one of the hardest things I had to learn in college was budgeting. Living on your own, contrary to its fabulous depiction on TV, is ...

How to Deposit A Check

You've entered the bank with check in hand. So what's next? Look for a table near the entrance that has a stack of...