When is it a Bad Idea to Take Out Student Loans?

When I was going to college, student loans were verywas so abstract as to feel more surreal than real.
attractive to me. I went to a small liberal arts collegeAfter all, the person that would have to deal with
which was very exclusive, and expensive, and thethose debts was my future self - and not my future
tuition and additional expenses like room, board, andself from a week in the future, but from three and a
books were way out of my league, or my family'shalf years into the future! It just didn't seem real.
league, even though I had an academic scholarship thatSo I signed and signed and signed, never truly feeling
paid for half of my tuition.what the reality of having incurred eighty thousand
Aside from my tuition scholarship through the school, Idollars in student loan debt and trying to pay that off
also applied for and received several smaller grantson a teacher's salary would be. I am still paying it off
and scholarships that helped to defray the substantialand most likely will be for many years to come.
cost of my schooling. However, because of the sizeNow, am I saying that my decision was wrong? No, of
of the price tag, there was still a lot to be paid for and Icourse not, it opened doors for me that would have
had no way to pay it.otherwise remained closed. I just wish that I would
This is where student loans came in. I realized everyhave made a more informed decision regarding my
semester as I signed the new paperwork that I wasfinancial future after college, so that I could have been
getting in deeper and deeper, and that I wouldmore prepared.
eventually have to dig myself out, but that realization