A smart course of action. I may do that myself…I will get to go to college for free. I can get my engineering degree, be a veteran, and get out of the military at 22 ready for work. No bullshit student loans, no rejection from jobs because I lack what they deem to be necessary experience. Also, I can put my money towards a house/car/family rather than towards a ridiculous loan. Did I mention I don’t like loans?
I got a 1440/1600 on my SAT. I’m planning on upping my score to above a 1500 so I can get as much money as possible to go to college, but the harsh reality of the matter is that because I’m a white male who is not living in a dilapidated urban community, I will not get financial aid. I will have to rely entirely on merit-based scholarships/possible government grants to go to school, because I have no college fund. I’m pretty broke, as are my parents. We pay through the nose for the medical bills of myself and my brother, and as a result things are tight.
Taking out a huge loan is like gambling. Sure, you MIGHT get a six-figure starting salary and be able to pay it off in no time flat; but the odds dictate that this won’t happen – mainly because someone better always exists to replace you, and those companies that are paying you a six-figure salary to start off with are looking for the best of the best. This is a category that 99.99% of us DON’T fall into. I’d rather not take the risk. I’ve never been much of a risk-taker.