Well, how about looking at it as an investment?
1. Even with a high interest rate, in four years with a good college degree, I can get a better paying job. I wouldn't start paying for that loan until I graduate anyway, so how bad could it be? It's just a very big change for me. Lifestyle will be just absolutely completely different. So it's scary. But I looooooove a good challenge.
2. I could invest it in the house I have to be able to sell it with a profit and use that as a down payment for a better house that will most likely become the house I will grow old in. This is risky, and it won't improve my finances, but I'll be satisfied with the place I'm in.
3. Well..a child is a child. I can't compare this with anything.
All in all, I would never ever ever afford any of this without a loan.
I don't know how you guys are able to save a good couple of thousands or how long it takes you, but I don't have the patience to wait until I'm 50 to do something!
I still don't understand why some of you disagree with loaning money.
1. You can
get a better-paying job. I took loans out for my bachelor's and I was unemployed after I graduate. It's not a gurantee.
2. If your housing market is good and you plan on selling right away (because you know the market is in your favor), do it. Otherwise, it's better to save for a down payment. People do it all the time, it's not impossible. Without having to be 50.
3. You don't need a loan to have a kid. People do it all the time and adjust their lives.