In this case, taking out a student loan to pay for grad school makes more financial sense than withdrawing the money from the market - you'd rather lose $12,893 than $21,589. Meanwhile, the $10,000 federal student loan you would take out, on a 10-year standard repayment plan with an annual interest rate of 5.28% (the interest rate for federal graduate unsubsidized student loans, at the time this article was written), would end up costing a total of $12,893 after 10 years (assuming you paid the minimum each month). If you left that $10,000 in the stock market, with the average 8% annual return Cannon identifies, after 10 years that investment would grow to be worth $21,589 (assuming no additional contributions).
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