Tuesday, May 16, 2006

Law Is Expensive , But A Loan Can Be Worse !

Doing Law Isnt Cheap , and not everyone has mum and dad to fork out the big bucks , In fact education yes even in New Zealand in gerneral isnt cheap , I know some of my friends in Law School with Student loans of 50,000 and climbing . Now although it can be useful to get a loan for many things, you must be careful. I mean, really careful. There are all types of fraudulent services out there which will lure you in with promises of guaranteed loans even if you have bad credit, or if you have been turned down in the past, etcetera, but many of them don't tell you, or try not to tell you that they will charge you an arm and a leg in interest on your loan in exchange for your gullability in using their services. Basically, any one who offers a loan for people with terrible credit is looking for vulnerable people with economic problems to completely rip off.

You can get a loan for improving your education. College loans can be found if you have economic problems, good grades, or sometimes just because you are going into a program which is under represented. It can be very difficult to pay for college of if you are of modest economic means. Add to that being a single mother, and having to support a family, and you can see why a college loan can be so necessary.
My cousin recently got a loan for college. She did not get the best grades, but because she was going in to science as a woman, she was an under represented group in a fast growing field, and therefore, loans were available for her. She is now a successful researcher doing physics experiments at a major national research laboratory, so obviously that loan paid off. You can see that, although you will have to pay it off, and with some interest, it can often be worth it to have a loan to improve all sorts of areas of your life. And a college loan, you don't have to pay for until after college. And now in NZ if we dont leave the country its interest free . Got to love that:) but still no reason to go in over your head , so weather you are studing law or anything for that matter just beware of ther sharks looking to criple your late 20's with massive interest bills !

Cheers Kiwi

0 Comments:

Post a Comment

<< Home