Never Take the Full Amount Offered to You in a Loan

You dont have to take all of it, though.

A bank issues you a car loan for $15,000.

That means you’re free to afford a $15,000 car, right?

Your budget isnt determined by how much someone will loan you.

Its determined by how much it’s possible for you to pay back.

You dont have to accept the full amount.

Many students take the full amount and use whats left over after tuition and books as spending money.

But if you work while youre going to school, you wont need to do that.

What Every Young Man Should Know About Student Loans| The Art of Manliness

Photo byOmar Barcena.