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3. Taking out large loans no matter the degree

It'd be nice if you could go to pay off student loans with no problem, but times have changed. When you're selecting a college, keep in mind which field you might want to be in and take into account how much it pays. If you end up taking large loans to go to a private school to study something that isn't known to be profitable, then you could be setting yourself up for major financial ruin.
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