I went to University and got a degree in Economics back in the day.

Had I had the chance to go back to my 18 year old self and ask myself If I would go to post secondary…. I probably wouldn’t have.

A large part of my decision to not go to post secondary would be because of the cost. Student loans are ridiculously expensive and a burden for decades after graduation for too many people.

But that’s not all of it.

If you are considering going to college and don’t know if it’s worth it or not, I’ll help you out a little here.

I absolutely agree that a College education is worth it – IF you know what you want to do.

That’s a big IF. I feel a lot of people go to College because it just seems like the natural next step. But the fact is, you’ll be taking out massive college loans to fund an education that you may or may not truly want or need. And that’s a disaster to your finances and time.

If, on the other hand, you know what you want to take in school and have a desire and passion for it that isn’t questioned, then hell yea make college happen baby!

Otherwise, I’d be very cautious about taking out college loans. It may not be worth it – not by a long shot.

So basically, what I’m saying is, if you know for a fact that you want to be an accountant, then take out student loans (if you need it). Absolutely worth it. How else are you going to fund your accounting degree? Otherwise, if you are unsure of what you want to do in school, I’d be cautious about taking on student loans. The last thing you want is to be $20,000 in debt and have no degree or certificate to speak of. That would be a shame, because $20,000 is no joke to pay back. And this is a small amount of student loans compared to what most Americans need to pay back who’ve been in school for many years. Ouch.

College Loans Can Come With Free Money

Sometimes College loans are worth it when they come with grants or free money. You’ll have to do research into this, because every state is different. I applied for student loans my second year of schooling and I didn’t know this at the time, but I received an extra $1000 or $2000 (I forget) in free grant money just for applying for and accepting the loan. I had no idea about this and it blew my mind.

If there is a scenario like this, I’d absolutely take out student loans. Heck, I’d take out student loans even if I had the money for school – Free money is free money baby.


So what’s your situation? Why are you contemplating if student loans are worth it or not? Let me know in the comment section below. I’d love to hear your thoughts.