Lesson 1: Adventures in Borrowing Wisely

Question One

Answer A

Bad move.

Sure, having extra money in your pocket would be nice. But, don’t forget, you’re paying interest on every dollar you borrow, so that money isn’t actually free. Taking more than you need now could pile hundreds of dollars (or even thousands of dollars) onto your total student loan bill—making it that much harder to pay off once you’re in the working world.

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Answer A: Take it and run. Who turns down free money, after all?