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With an inflationary future looming, is it wise to take out loans, especially student loans?
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Re: Loans
In principle, yes, student loans would be a good idea. That is, if there indeed is an inflationary future. And, furthermore that the inflationary future includes wages. Up until now wages have not kept up with inflation and if wages do rise with inflation it will make the inflation worse. As a result, I think that anything that TPTB can do to hold the line on wages will be done.
On the other hand, education that prepares you for a career with good earnings potential is probably a very good idea. You just have to weigh the costs of the loans with the earnings expectations of the career. Choosing a school based on the department's placement track record would not be a bad idea. Looking at the companies that fund the department of interest is also a good idea.
My big question is... will you be happy and satisfied doing whatever you plan after school? If yes, give it a shot, if no or just maybe, keep thinking. -
Re: Loans
Thank you.Comment
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