<p>President Obama remarked that it wasn’t that long ago that he paid off his student loans. That he married a someone who went into a high paying field made it possible for him to do a lot of the community organizing and going into politics. Paying a student loan, any loan, cuts into what you have left to use to invest in your life. </p>
<p>A problem with a student loan is that you have it around your neck at the time when you are vulnerable in the business world, trying to get yourself into a paying job and self sufficient. It’s not like a car where you have your choices. SOmeone who takes out a $40k loan for a car has the luxury of deciding to do so at a time when it is an option. You get hit with the repayment of your school loans at a times when it may hurt you terribly to do so.</p>