Is It Smarter To Have Student Loans Or Mortgages?

Two Different Views – First the Positive Mortgage View

I have owned a mortgage. I have also owned a student loan. There is a big difference. When I got the mortgage, it included the house. When I got the student loan, it only came with a high interest rate.

The house is guaranteed, the job isn’t. There are so many people that have invested time and money into an education, later to deal with the disappointment of no available positions. Or even worse, moving back home which can become a reality.

Many have become rich investing in real estate. The house can be flipped to make a profit, the education cannot.

We all need a good education, I cannot argue with that. But in my case, experience was the best teacher.

Next, The Positive Student Loan View

In today’s fast paced society where many determine their self-worth and judge others by the size of their bank account, the kind of possessions they have and of course, their home (or mortgage), the more and larger the better!

Those that subscribe to that belief must have been the same individuals in college just to get a piece of paper that they thought would give them a huge paycheck. Fast-forward 20 years of so and these are the same individual drowning in credit card debt and wondering what went wrong.

While many fools rush out to get student loans, those who invest in an education will not only gain something far more valuable than a home or car, but will ironically make more in a lifetime than the fools who only see dollar signs.

Now of course many people who take out a mortgage happen to have student loans, so what do those individuals do when comparing which was more valuable as an investment? Student loans are by far a most worthwhile investment when compared to other debts people are willing to incur.

Again, the student loan not only enabled them to gain knowledge, critical thinking skills, and an education but also enabled them to get a career that may very well got them the house they live in.

Then there are those who pursue an academic field that leaves others wide eyed and confused. They are individuals who see value in learning and not a paycheck. Their passion is in their field and may end up giving them more satisfaction than any money or mortgage. Their treasures are not those of the world.

In reality it appears that higher education is filling up with more and more people who only take on an area of study because it provides a job with a higher salary in the end. In actuality, this seems to be true. Yet, there is so much more that goes along with it.

A mortgage is a good financial investment, but without an education not only will a mortgage seem to cost more, but the individual without an education won’t possess many of the things that are truly important.

Material possessions are to be shown and make you and others feel good at times. However, an education is something that will always serve you well and never be lost. Student loans are part of an investment in you, an investment that will always keep paying off for you.