Are you just out of high school and all enthusiastic about taking the plunge into college education? Congratulations! You must be very enthusiastic about Uncle Obama coming in with a $ 6 billion student loan package for funding your higher studies. Well, I don’t want to dampen your enthusiasm, but let me tell you that though the Federal money aid is well intentioned to help you out with your academics, it might prove to be a costly affair for you.
These days, professional education comes with skyrocketed prices and you might be spending most of your initial earnings on repaying the loans. According to a Mint Student loans infographic, in collaboration with College Scholarships.org, this year, a college fresher is expected to pay $148,454 including your public and private tuition fee, boarding [...]