Bruce Mesnekoffhas said that if you ignore the problems that the repayment rates may give, then you would certainly suffer ultimately. You may think that you would just have to deal with the repayments later, when you have graduated and will be searching for a job. However, the reality is that even while you are in school, you may already feel the burden of the repayment rates. Because of the interest rates, it is very likely that the overall value of your student loan is significantly diminished. Bruce Mesnekoffreminds you that this is like paying for an amount of money that you have not really taken advantage of.
When you are preoccupied with the thought of having to deal with the repayment rates, it is expected that you would not have much interest in doing your best in your studies. It is possible that you would become less focused on what your professors are teaching since your mind is busy looking for ways to repay your student loans as soon as possible. Bruce Mesnekoffhas warned many students regarding this tendency. However, one certainly cannot totally blame the student in this regard. The repayment rates after all could become serious problems.
The repayment rates could bother you not just mentally but financially as well. In fact, it is because of the financial impact that could put you in a quandary. Once you realize that the repayment rates have become too high, you may no longer consider it to be affordable. This could lead you to entertain the idea of choosing a less expensive college degree or, worse, stop going to school. Of course, that clearly impacts your studies. Not only does this affect your studies; it also hurts your chances for a lucrative career. Bruce Mesnekoffintroduces solutions to this concern though.