- Student Loans make University Affordable: High tuition fees and accommodation would make self financing difficult.
- Student Loans are not just for Tuition and Accommodation: Student loans are also spent on laptops, textbooks, and software. These costs are high and paying for them with student loans is cheaper than a credit card.
- Student Loans are Expensive: You do not just pay back the principal, which is the initial amount borrowed, but also interest on the loan.
- Student Loans will start you off in Life with Debt: They allow you to afford college, however, the first few years will be difficult to pay back, especially in the early days of finding a job that pays enough. Having fewer or no student loans, makes life after graduation more comfortable.