Feel free to use this image in whatever way you want! I would be grateful for a clickable photo credit link to www.aboblist.com. Thank you!
There are typically three ways to fund one's vocational, college or university education; scholarships, grants or student loans. However for most of us, student loans are the popular means to pay for the tuition, fees, costs, room and board to attend an institution of higher education.
The problem has become however, the costs to attend school has reach astronomical proportions. This has led many to successfully complete their choice of study that leave the graduate owing tens to hundreds of thousands of dollars. With the current economic climate, it has become a heavy burden to pay back these loans.
Even if one declares bankruptcy, the loan borrower will still be on the hook for the full amount. So it is advised to be aware of the job outlook for your selected course of study before applying and securing a student loan to pay towards your school of higher learning.