Final answer:
It is important to consider loans last when paying for higher education because loans typically have higher interest rates compared to other forms of financial aid.
Step-by-step explanation:
It is important to consider loans last when paying for higher education because loans typically have higher interest rates compared to other forms of financial aid. By exploring other options first, such as scholarships, grants, and part-time jobs, students can potentially lower their overall debt burden and minimize interest charges. Loans should be viewed as a last resort to cover any remaining educational expenses that cannot be covered through other means.
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