Should I take out a student loan? ?

Pay off the tuition now as you don't know what future interest rates are and the interest on the loan will be more than your return on your money. It's always better to pay off debt when you have the money. Good luck.

The interest on my student loan was 4% for a long time. I took the full term and paid it off in 10 years. You decide what is best. Why get into debt if you don't need to do it?

In theory it sounds like a good plan, but I wouldn't do it if I were you unless you are some sort of investment wizard. Money is not earning much right now as savings accounts pay nothing and the stock market is not doing so well. I am not sure where you are going to put this money and expect it to work for you in todays economy. Too many people get in over their heads with student loans because the terms are so good. But once graduation comes and the grace period ends, they are hit with reality. Student loans are not subject to bankruptcy laws, so if you ever get into a tough spot in the future, you will have no recourse with the student loans, there is no way out of paying them. they will haunt you forever. You dont say what you are planning to major in, but lots of students miscalculate their marketability and end up working at Starbucks and very little income despite a college education. If however, you are entering a high demand field and you know for sure you will be getting a great job when you finish, then it may make sense if all the student loans are subsidized.