As a student in university, is it advisable to use a loan in paying university fees, if yes, what are repercussions of that, how long is the pay back tenure for such loans?
Yes, because business is largely unpredictable you do not know if you'll be able to be successful or not and when you take out a loan there's a lot of pressure on your neck to pay back, the lender do not care if you are successful or not, but if you use your own money, you're bearing the risk 100% yRead more
Yes, because business is largely unpredictable you do not know if you’ll be able to be successful or not and when you take out a loan there’s a lot of pressure on your neck to pay back, the lender do not care if you are successful or not, but if you use your own money, you’re bearing the risk 100% you wouldn’t care much if it succeeds or not.
I also won’t advise taking a loan to build a business, save your money first and start small, that’s how you move up in your business instead of taking a loan.
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Actually using a loan to pay for school fees can be crucial to assess your future earning potential in your chosen field. Will the investment in your education pay off in terms of higher income? Additionally, explore all available options for financial aid and scholarships to minimize the amount ofRead more
Actually using a loan to pay for school fees can be crucial to assess your future earning potential in your chosen field. Will the investment in your education pay off in terms of higher income? Additionally, explore all available options for financial aid and scholarships to minimize the amount of debt you’ll need to take on. Ultimately, weigh the pros and cons carefully and make an informed decision based on your individual circumstances.
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