Friday, September 26, 2008

Avoid incurring a large debt

Hi Sir
I'm a student currently studying in college. I am keen on going overseas to the UK to read law after my A levels but I have qualms about the cost.

I understand that the fees would cost about S$100 000. But with the cost of living considered, the amount would probably triple to S$300 000. I was hoping you could shed some light on bank loans or other possible avenues that would allow me to realize this ambition. Hope to hear from you soon.

REPLY
I usually advise people not to incur big debts, even for education. I did not go to university and can still do well in my career. If not, I am happy to have a more modest career.