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Politics : Formerly About Advanced Micro Devices

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To: Brumar89 who wrote (630550)10/5/2011 11:43:29 PM
From: i-node  Read Replies (1) of 1583413
 
>> borrowing money to go to school is a big mistake.

I don't really agree with this as a general statement. I borrowed $3,000 on which I lived for a year while working on a graduate degree, and I would have to say it was the best investment I've ever made. But I don't think they had "school loans" back then; I went to a friendly bank and convinced the owner I was a worthwhile credit risk. And I believe the decision not to stay for a Ph.D., over a $250 shortfall in the stipend, was probably the worst "investment" decision I ever made. I could have easily borrowed a little more and done that instead of going to work at that time.

I think there are a lot of people who get school loans today who are uncommitted to the process. For those people it is a mistake, but when government hands out money there will be no shortage of people standing in line to take it.

I just think it really depends on the circumstances.
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