<p>A problem with student loans is that a graduating student often might need a reliable car. That loan payment could be a very nice car payment plus insurance and maintenance. to have to pay both leaves much less. </p>
<p>When you are done with school, it really is nauseating to have to continue to pay for it for another 10 years or even more. You will have other needs and wants, and being restricted by your past loans is not a good feeling. </p>
<p>Anyone remember what the payment would be for someone taking the basic full Stafford loans for all four years on an unsubsidized basis? There would be accrued interest added to the face amounts. On a standard 10 year schedule, even those loans are painful to repay. It’s not as though the interest rates are that terrific either.</p>