Using a Personal Loan for Education Expenses

It’s no secret that college is a lot of fun.

It’s where you make friends, develop your interpersonal skills and, above all, learn! It’s also the most amount of freedom you will probably ever have before stepping out into the real world.

It’s also no secret that college, for the most part, is essential.

The fact is that more and more jobs in the United States are requiring college degrees. In 2018, approximately 63% of jobs will require some college education or a degree. The number of enrollments are increasing drastically as well. It’s being projected that the number of students enrolled in degree-granting institutions in the United States will increase 13.9% from 2012 until 2022.

The benefits of a college degree are plentiful, such as more job opportunities and a potential for higher earnings. It’s also likely, however, that you may be faced with education expenses. In essence, receiving an education is expensive when you factor in all the details — gas, food, room, board, books, supplies and fees.

The national average cost of books and supplies is now around $1,100 per year and that figure will likely rise in the near future. In the years between 2002 and 2013, the price of college textbooks rose 82%, which is nearly three times the rate of inflation, with single books costing as much as $200.

In this sense, you may want to consider registering for an online personal loan as a way of paying for your education expenses.

There are a number of reasons why you may want to apply for an online personal loan in this regard. They are no-collateral loans, which means you are putting up property or assets as a way of obtaining the loan. These online personal loans can be used for a variety of reasons. In that sense, you have a lot of flexibility with the loans.

In fact, paying for education expenses is just one of the things you may want to use an online personal loan. They can also help with large purchases, medical and dental expenses and even for moving and relocation costs.

Please use personal loans responsibly. These loans shouldn’t be used for paying regular bills.

 

Citations:

ProCon: http://college-education.procon.org/

Inside Higher Ed: https://www.insidehighered.com/news/2014/02/28/us-projects-college-enrollment-grow-14-through-2022

Scholarships: https://www.scholarships.com/resources/campus-life/college-costs/books-and-supplies/

USA Today: http://www.usatoday.com/story/money/personalfinance/2014/02/02/cnbc-college-textbooks-expensive/5038807/

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