Student loans can both be a blessing and a curse to university students across the nation. One benefit of student loans is that these can provide you the money you need in most cases to fund your college education. College students, especially those enrolling college for the first time have exaggerated notions of their starting wages upon graduation and the bills they will confront while surviving in the real world. The truth is, most freshmen university students have no realistic concept of the limits of money as a basis for their decisions as regards to whether or not they can truthfully expect to pay back those loans once they have finished college education.