Re: Going Pro?
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Yes, you could take out student loans and all that and have money to reinvest in bankroll, but I sure would not recommend it unless you have to. If you don't take out the loans you are going to be so far ahead of the game when you get out of college. Instead of worrying about paying back your student loans after college, you can worry about paying for a house, or car, or whatever. Don't borrow unless you have to. Think long term. just my 2cp.
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Paying back your student loans is only a concern if you don't have the money. Remember that the first thing they do when they give you a student loan is give you enough money to pay it back immediately!
Every day you choose not to give it back comes at a price. For student loans, this price is often quite low.
Every day you choose to hold the money gives you an opportunity: use the money to produce even more money. You can do this with virtually no risk.
Deciding whether or not to take on student loans when you don't need them is simply a matter of weighing the benefit of having the money vs the cost of having it. If a > b, you take the loan.
For most debt, the cost of holding the money far outweighs any possible advantage you could accrue from having it. Student loans can sometimes be found at absurdly low interest rates though, so they can be an exception. Advising someone never to take on any debt of any kind is inaccurate advice.
Now, should you take a student loan to play poker? Well, you have to assess your expected win rate, and the risk you are taking that you will lose and burden yourself with the loan amount.
Given the information you have given us, namely, your win rate, the hands you've played, and the number of times you've posted here, we can only assess a very high risk with this action. How can we do anything but conclude that you should NOT take out a loan to play?
You should note that most people over-estimate their own ability, and that win rates can fluctuate significantly over 10K hands. There is also significant risk that you will not have the motivation to play as many hands as you think you will.
Having said all that, it's now up to you. If you get a loan rate that is low enough, it can be a reasonable option. You must be truly honest with yourself on many levels though to make this a good move. If you have any doubt, don't do it.
Good luck.
Eric
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