It's a simple question of the 'cost' of that money today and tomorrow.
If you have the cash on hand, do you think you can generate a higher-return with that cash than what it would cost you to borrow? Remember that there is a small interest tax deduction on back-end when you are paying it back. Are you relatively risk-averse and prefer having cash on hand?
Treat this no differently than you would any other asset/investment (car loan, etc.)
Brian Lange | Manhattan GMAT Instructor | North Carolina
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