For the record, I am still 100% free of student debt. My first year as a full-time university student was paid in full by the lovely state of California (thank you, Cal Grant B!). As long as I remain full-time with good grades, my senior year will be paid for as well. While my circumstances are unusual, I believe it is possible for any student to receive a quality college education without the heavy burden of student loans.
With this blog, I aim to help students like me achieve their academic goals without the expensive price tag. In today's economy, a good education is an essential asset when competing in an unforgiving job market. That's why becoming a debt-free student is the first key to success!
On that note, I leave you with some invaluable advice from an article in Readers Digest Magazine:
The #1 Reason to Skip the Expensive Colleges:
Beginning adulthood without debt is far worth more than a designer diploma.The authors’ No. 1 rule for parents: Don’t let your child go into debt for college. In 2010, almost two thirds of undergraduates borrowed money, and student-loan debt outpaced credit card debt for the first time. The College Board likes to say that a typical senior graduates with “only” $24,000 in debt, but with interest, collection charges, and penalties for postponed payments, the amounts owed can exceed $100,000. If you ever default on a federal student loan (and the rate of defaults is rising), you’ll be hounded for life. Lenders can garnish your wages, intercept your tax refunds, and have your professional license revoked. You can’t work for the government or collect your social security. “People have been sold this propaganda: ‘The rates are so low; just get a loan,’ ” Dreifus says. “The long-term effect is to cripple your children."
(Click here to read the entire article)
Until next time,