when will it make sense to borrow to finance education beyond high school? what are some of the factors that will make borrowing to finance higher education risky?

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01-12-2022
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when will it make sense to borrow to finance education beyond high school? what are some of the factors that will make borrowing to finance higher education risky?

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febyyyvaalentina febyyyvaalentina · Answer 1 · 2022-12-06T01:43:50-05:00

Sometimes it will not make sense to borrow to finance education beyond high school, is usually a mistake. If you borrow to finance an investment; sometimes equity is a better choice. It's because to borrow for high school is to take a risk. Indebted students may not earn enough to repay their loans after they graduate, or the worse student may fail to graduate at all. For students who cannot pay for college without borrowing, this risk is both a disincentive and a penalty.

There are some reasons that will make borrowing to finance higher education risky:

1. You'll have to pay more than you originally borrowed, thanks to interest.

2. Falling behind on student loan repayment can lead to delinquency and default.

3. Student loans can hurt your debt-to-income ratio.

Explanation:

Student loan debt affects more than your financial independence and your standard of living. You may find yourself sacrificing a job that offers you more purpose and fulfillment for a career with a higher salary.

You can learn more about student loans in the link https://brainly.com/question/24501576

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when will it make sense to borrow to finance education beyond high school? what are some of the factors that will make borrowing to finance higher education risky?

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