Without getting some kind of education after high school your chances of getting a good job or making a decent wage decrease dramatically.
The cost of a secondary education has increased substantially in recent years and it’s not showing any signs of slowing down any time soon.
While the costs have gone up, the importance of getting a college degree is still there.
You also have to be able to show that your current circumstances will persist for an extended period of time.
You have to show that your financial condition will be the same for the majority of the life of the loan.
If you want to go to college and you don’t have the money in your pocket to pay for it, student loans are definitely the vehicle of choice to help you get the cash that you need.
Some are afraid that there will be a student loan “bubble” like there was in the housing market and in the stock market.
You must show that the student loans put an undue hardship on your life financially.
You also have to show that you tried to repay the loans in good faith when you initially got them.
This essentially gives you the opportunity to get a fresh start financially.