<p>Loans are part of life. Well-managed loans are a VERY important part of life. Poorly-managed debt is a BAD part of life.</p>
<p>Take the loan. You WILL need some things upon graduation. You may need to buy household items, you may need furniture, you may need, in fact, a TV. Now, don’t go crazy, but this is all part of getting set up for life and this money–at close to zero–is much better than charginga credit card at 18+ percent.</p>
<p>Now, sh/ you blow it on a 30k mustang? Probably not. Do you NEED a seedoo? Probably not. There is no need to spend the entire amount. Use it wisely and it will be a huge benefit to you.
Use it poorly and it will be a burden.</p>
<p>BUt, it is nearly FREE money and there is no reason to pass it up. Heck, even if you don’t use any of it, it makes for a cheap insuranc policy against future–higher cost–debt.</p>