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Posted by PeterL on January 24, 2008, 7:13 pm
On Jan 24, 2:22 pm, austingoodri...@hotmail.com wrote:
> I am a 23 year-old full time college student. I have a seven month old
> daughter, I am unmarried but, my daughters' mother and I are together.
> My girlfriend claims our baby and receives finical aid since my mother
> is able to help me with my tuition. I will receive my associates in
> business administration this summer. When I am done with this degree I
> am going to start working on a bachelor degree in accounting. I will
> be basically starting over with four more years of school ahead of
> me.
>
> To finish up my business administration degree I am taking 16 credit
> hours his semester, and I am going to take out a student loan as I am
> the main bread winner, and unable to work as much with my schooling.
>
> This has raised the question of should I take out student loans to
> help cover living expenses? I think that my future earning power makes
> it worth taking out more loans so I can concentrate on school. What is
> your opinion?
>
> Thank you,
>
> Austin Goodrich
First of all Austin, you won't be starting all over with four more
years of college. Your community college credits will transfer so you
can finish faster at a four year school.
Second, what is the alternative? If you don't take out the student
loan how will you be paying for living expenses?
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