The thought of graduating with a mountain of debt can be more than daunting. It can be frightening. Is it really worth taking all those loans just to get a college education? Is there a bright side to student loans that makes it worth it?
The truth is, there are benefits to taking student loans, or else why would thousands of students across the country keep taking them every year? Here are a few compelling reasons why student loans is worth it.
You Get A College Education
You cannot undermine the importance of getting a college education. A college education boosts your employability and your earning potential by a highly significant amount.
Your Debt Is Temporary
College graduates find it easier to get jobs and they also start off with higher salaries. These two factors themselves will help you pay back your loans quickly. It may take a few years but after that your higher income is yours to enjoy any way you want.
You Can Build Good Credit History
Being diligent about your loan payments can help you raise your credit score and build good credit history paving the way for future loan opportunities with lower interest rates. This is better than having no credit history.
Use College Raptor’s new Student Loan Finder to discover personalized loan options. Compare lenders and interest rates to find the ideal student loan—for FREE!
| Lender | Rates (APR) | Eligibility | |
|---|---|---|---|
 |
5.50%-16.12%* Variable
3.99%-15.61%* Fixed
|
Undergraduate and Graduate
|
VISIT CITIZENS |
 |
5.54% - 15.70% Variable
3.99% - 15.49% Fixed
|
Undergraduate and Graduate
|
VISIT SALLIE MAE |
 |
5.00% - 17.99% Variable
3.49% - 17.99% Fixed
|
Undergraduate and Graduate
|
VISIT CREDIBLE |
 |
6.00% - 13.75% Variable
3.99% - 13.75% Fixed
|
Undergraduate and Graduate
|
VISIT LENDKEY |
 |
5.66% - 14.72% Variable
3.69% - 14.56% Fixed
|
Undergraduate and Graduate
|
VISIT ASCENT |
|
|
3.70% - 8.75% Fixed
|
Undergraduate and Graduate
|
VISIT ISL |
 |
5.62% - 16.85% Variable
3.69% - 16.49% Fixed
|
Undergraduate and Graduate
|
VISIT EARNEST |
 |
5.00% - 14.22% Variable
3.69% - 14.22% Fixed
|
Undergraduate and Graduate
|
VISIT ELFI |
