Many students rely on federal government loans to finance their educations. These loans have low interest rates and do not require credit checks or collateral. Student loans also provide a variety of deferment options and extended repayment terms. I think that students in general take out large loans because they arent given the financial aid that they need to attend the college of their choice. Everyone wants to go to a good college and become successful. A good college is a very large expense, an expense that most people cant afford. In other words loans are taken out for what they cannot pay for or didn't receive in financial aid, so they would prefer to take loans and pay for them later. Also I think that student loans are essential when it comes for a college education.
In my way I'm going to take loans from my uncle because he is going to give the money without interest.
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