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Loan or time

Regular Contributor

Loan or time

Hi Myfico,


I am trying to decide between taking out a student loan (not decided which type yet) or working and saving up so I do not need to have a loan.  The former will save me time but the latter will give me financial freedom.  Any thoughts highly appreciated!



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Frequent Contributor

Re: Loan or time

Hi SGTtar,

So give us some more details regardi g your plan. What are you going to school for? Universty, trade school, community college options for degree? How long is your program and what is likelihood of emoyment following completion of program? What are your living costs now. If you were to save up what is your source of income, hours? Can you work off hours and go to school part time.. lots and lots of questions need answered before good advice can be dished out
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