There are very few people that can say they don’t need to get loans to go through college. Everyone else has to get loans, and we’ve sorta talked about that with the Stafford loans and the Perkins loans, and the private loans.
Those loans are for tuition costs and to buy textbooks. They don’t solve the problem of everyday living: eating, transportation, where you live, all that jazz. If you have to worry about that, you can’t study!
Student loans for living expenses can make everything a little easier. Yeah, yeah, you don’t like that it’s another loan on top of all the money you’re borrowing. But how are you gonna afford living while you’re trying to go to school?
You will be able to pay for your living expenses while you’re studying. That degree better help you make some good moolah!