Repaying your student loans might seem like it’s way off in the future, but the day will come when that money must be repaid. Interestingly enough, student loan debt is the only form of debt that you can’t have discharged in a bankruptcy. This means that sooner or later you will be repaying this money, and lenders know it! This is the reason why so many lenders are willing to let you borrow large or even massive sums of money.
With this fact in mind, you will want to be very careful about how much you borrow, when and how. Otherwise you might be in for a real shock down the line.
The issue of student loan debt is a complicated one, as there are many different forms of debt. When you are researching financial aid for college tuition, financial aid and grants, direct federal student loans and other types of student loans, remember that not all loans are equal. This point is extremely important. You should not just dismiss the terms of the student loans that are offered to you. Don’t think that “they’re all the same,” as the terms can differ drastically.
The interest that you pay on one type of student loan versus another type of student loan would be nothing short of eye-popping. Currently, many people are in a position where they are unable to find work, yet have high levels of student loan debt with high rates of interest. Obviously this is a bad situation and one that you don’t want to be in.
Highlighting and discussing these facts, while unpleasant, is important for your future. Selecting a college major that you know will lead to reliable employment is a necessary step if you plan to have high levels of student debt. In other words, it is difficult to encourage any young person to go to a very expensive college to pursue a degree in a major that won’t lead to employment.
Being burdened with a very high debt (and perhaps even a high level of interest) while also having a degree that isn’t likely to help you earn high wages is a recipe for pain. If you are going to borrow in order to attend college and are pursuing a career that isn’t likely to be big earner, you might just want to consider a less expensive university or college.
There are times when attending the “best” school you can get into may not make any sense whatsoever. Receiving an education is all about looking towards the future, but looking towards the future also means that you sometimes need to have a broad view.
Learn to love those brown bags. If you routinely eat out, try packing your lunch a few days a week instead. Just think—if your average lunch costs $10, you could save up to $50 a week! That’s $2,600 a year! 
Procrastinating about completing your 
