u/Brilliant_Strike_136

Is it better to take out a line of credit or pay out of pocket?

I'm conflicted because I can JUST BARELY pay my tuition+rent out of pocket, but I would have close to nothing in my savings account. And maybe roughly $100 left over each month. Which I acknowledge is still a HUGE privilege. (I would still be working.)

Is the interest/debt from the line of credit too risky? Or am I putting myself in a risky spot by paying out of pocket?

I am attending UOttawa Law School (11 000 per semester roughly).

reddit.com
u/Brilliant_Strike_136 — 12 days ago

Is it better to take out a line of credit or pay out of pocket?

I'm conflicted because I can JUST BARELY pay my tuition+rent out of pocket, but I would have close to nothing in my savings account. And maybe roughly $100 left over each month. Which I acknowledge is still a HUGE privilege. (I would still be working.)

Is the interest/debt from the line of credit too risky? Or am I putting myself in a risky spot by paying out of pocket?

I am attending UOttawa Law School (11 000 per semester roughly).

reddit.com
u/Brilliant_Strike_136 — 12 days ago