Im taking a loan out for approx 50k for art school in january (3d animation). This covers tuition and living expenses for the 1 year intensive course. Its a really good school apparently - but im still nervous about the year ending, being 25 years old, jobless and my life being screwed from debt.
Everyone is encouraging me saying its an investment in my future, but im still nervous about it.
Anyone had any experiences, or words of wisdom?
It is a lot of money...I
It is a lot of money...I guess it depends where you're residing and hence the repayment conditions. In the UK where I got my loan all those happy years ago you only have to start paying it back when you earn over a certain threshold, and they're not supposed to be profitting on the repayments, but that I feel rather questionable. So it's a 5-figure monster over your head to be sure, but not as bad as if it was a loan from HSBC or something. It still in retrospect was far too much money for far too little....but it was all good fun! Besides, if you actually know what you want to do with your life, perhaps your efforts will be a little more targetted than my own.