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When is the use of borrowed money for an education justified? When the cost of the student loan is less than the interest rate on
When is the use of borrowed money for an education justified?
When the cost of the student loan is less than the interest rate on your credit cards.
When the cost of your education is less than the estimated additional income that the education is expected to provide
When the education will maintain your current quality of life
When the investment is expected to generate additional income that is less than the cost of the education.
When the required repayments can be postponed for many years
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