(Des Moines) There is plenty of staggering college student debt stories, but an I-S-U consumer finance expert says there is an angle that doesn’t get a lot of attention. Professor Tahira Hira says at some point, everyone has to borrow, and doing so to pay for a higher education is a good idea, if it is done wisely.
“There is strong evidence that if you borrow for your education, and borrow properly meaning the right source and right amount, it can be a wonderful investment because it pays, and pays, and pays,” stated Hira.
She says in some cases, students do take on too much debt, but others don’t take on enough debt to build a good credit rating.
Iowa Radio Network
December 19, 2103