Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Should I take a personal loan for my postgraduate studies?
I would not take this personal loan. Let's look closer at your options. Currently, you are paying $1100 a month in rent, and you have all the money saved up that you need to be able to pay cash for school.  That's a good position to be in. You are proposing to take out a loan and buy an apartment.  Between your new mortgage and your new personal loan payment, you'll be paying $1500 a month, and that is before you pay for the extra expenses involved in owning, such as property taxes, insurance, etc.  Yes, you'll be gaining some equity in an apartment, but in the short term over the next two years, you'll be spending more money, and in the first two years of a 30 year mortgage, almost all of your payment is interest anyway.  In two years from now, you'll have a master's degree and hopefully be able to make more income.  Will you want to get a new job?  Will you be moving to a new city?  Maybe, maybe not.  By refraining from purchasing the apartment now, you are able to save up more cash over the next two years and you won't have an apartment tying you down.  With the money you save by not taking the personal loan, you'll have enough cash for a down payment for an apartment wherever your new master's degree takes you.