It's good to pay for school with your own funds.
Hank is going to college and is filling out financial paperwork, including if he will take any loans out.
Hank wants to decide on whether he should take a loan or not.
Hank declines the student loan and decides to work for the money instead.
Hank takes a student loan that will pay for his entire education.
Hank takes longer to finish his degree but pays only what the college charges him.
Hank graduates and spends the next 15 years repaying the student loan thanks to interest payments.