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Is it good to take loan to pay for your children' school fees?
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[QUOTE="funmi, post: 112959, member: 38880"] Now a days, many parents find it difficult to pay the tuition fees of their children due to the hardship and economic down turn of the country, especially in Nigeria. Many children had to drop out of schools since they can not afford the cost of sending their wards to schools. So, of resent, many parents started applying for loans in other to pay their children's school fees. Parents that really love to send their children to school where left with no choice but to use loan to finance their school fees. After doing so, I observed that many of them will not be able to pay back the huge amount of loan collected and the interest that will be paid back. This has caused a lot of rancor because when they refused to pay,some of them will be arrested, embarrassed, disgraced and so on. To me this act is not healthy at all for people. My candid advise is to sent your child to a school that is affordable by you in order to avoid shame and embarrassment. Is it really good to take a loan to pay children's school fees? [/QUOTE]
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Is it good to take loan to pay for your children' school fees?
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