Question: what does the bible say about taking out loans?
Answer: Romans 14:23 says, “Everything that does not come from faith is sin” (NIV). You should borrow only if you are doing so “in faith.” If your conscience tells you that taking a student loan is not honoring to God, don't do it! ... Instead you ought to say, 'If it is the Lord's will, we will live and do this or that'” (NIV).