The Smart Option Sallie Mae student loans make sense because $25 a month is not too much to pay to avoid heavier payments later on.
With a good cosigner, the rate is even lower than the one my school offers for its university student loans. The only problem is that by the time I'm a senior, that $25 per month will be $100 a month. That could be a problem.
But its also a way of establishing credit for myself. By the time I get out of school, I will have a four year history of making monthly payments on a non-secured debt. That's got to count for a lot when I need to get a car loan. My interest rate will be lower than it is for graduates without a credit history. So, at least the college debt will go for more than a degree- it will save me some money later on on my future debts.
