Are small student loans worth the debt?

Jump to Last Post 1-2 of 2 discussions (7 posts)
  1. peeples profile image95
    peeplesposted 4 years ago

    Are small student loans worth the debt?

    If small loans would increase yearly salary, does that make it worth it?

  2. cfin profile image72
    cfinposted 4 years ago

    If your investment will appreciate in value greater than the amount of interest paid, when inflation is taken into account, then it is worth the debt. In this scenario, is the student loan necessary to complete a field of study that will result in an increase in income greater than the loan + interest? If the interest will leave you with a questionable investment, consider if saving the money first is an option.

    Please check out FAFSA grants prior to your application. I personally believe that if someone is in a financial position where they need a loan to gain an education, then grants should be sufficient. If the grant is not sufficient, then the searcher is looking in all the wrong places.

    Some questions to ask yourself and no need to share the answers here. I work at a University and deal with this quite a bit, personally as well.
    1. "Small" loan is objective speak. Don't saddle yourself with debt because someone tells you to or makes you feel like "everyone is doing it", especially a banker.
    2. How much would your income increase? Be sure that the minimum increase would be sufficient to cover the maximum monthly student loan burden on pay back.
    3. Are you aware that there will be a transition time between the time where you start paying off the loan and when you see an increase in your income.

    1. peeples profile image95
      peeplesposted 4 years agoin reply to this

      Curious if you know if there are grants to cover housing and expenses such as childcare. I was debating the stafford loan to cover this part since my pell is only going to cover tuition and books.

    2. cfin profile image72
      cfinposted 4 years agoin reply to this

      Hi Peeples,
      It's difficult to determine and depends on the college/ University you apply to. Scholarships should be available and tax incentives, later on your tax return. The US is a difficult place to seek further education within. Way too expensiv

    3. peeples profile image95
      peeplesposted 4 years agoin reply to this

      Thanks for the quick reply. I go back to financial aid office this afternoon and will hope there is another option. BTW for some reason your comment is awaiting moderation from HP. Not sure why but I approved on my end, waiting on hp now.

    4. cfin profile image72
      cfinposted 4 years agoin reply to this

      It's probably because some people probably reported some of my other comments because they don't agree with my beliefs. Oh well!

    5. peeples profile image95
      peeplesposted 4 years agoin reply to this



This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)