Wednesday, February 29, 2012

How Much?!
How much?  If you listen carefully you can hear that being said all over the United States by unsuspecting college graduates who had no idea the true cost of the college degree they just obtained and guess what now the loan has come due.  Why would these adults know the amount of loans that were taken out on their behalf, because more than likely their parents had them sign up for the debt when they were eighteen.  What eighteen year old has the life experience to even understand what debt even is, but four years later all of sudden they are in a crash course with reality.  Imagine coming out of school with a student loan debt of 40, 50, or even $100,000!  Go one step further and imagine having that amount of debt with an entry level salary or even worse no career at all!  This is a dilemma that graduates find themselves in today.  The sad part is that it did not have to be this way and all it took to change this outcome was preparation on the part of the parents and the kids themselves.

Parents have eighteen years to prepare for their children to go to college for free.  The opportunities are endless for a free education.  Starting with investing into an Educational Savings Account or a 529 Plan and letting the money compound for eighteen years will definitely have your child going to college debt free.  Next start applying for college scholarships immediately.  Don’t believe the lie that only athletes and insanely smart kids get scholarships.  Also don’t wait until junior or senior year in high school to start searching because there are scholarships for kids as young as thirteen or even younger as seen on this website: .  Last, but not least every able teenager can work for their collegiate dreams.  They can wash cars, mow grass, have yard sales, get a job, deliver newspapers, etc.  They can work in high school and college to insure that they come out a debt free graduate.  Both parents and kids should realize that the college they choose should match the money they have saved.  A child doesn’t have to go to an Ivy League institution to have a great career.  For example I went to South Carolina State University and although I was on a tennis scholarship I knew that it cost $7,000 a year for tuition and boarding.  During the same time Wake Forest which is a private university had a tuition and boarding of over $25,000 a year!  There is no way that a diploma from Wake Forest is worth FOUR TIMES more than a diploma from South Carolina State University.  I promise the opportunities are out there if you make the right choices and as a result of those choices a DEBT FREE education will be waiting for you!

Have you ever had a “how much” moment with student loan debt?


  1. Loved this blog. I do agree that there is a lot more some parents can do to acquire funds without loans. More importantly, I feel that 17 & 18 yr olds should take a huge responsibility for his themselves. Earning an education makes for a better learning experience than having an education that you're paying for years to come.
    I graduated without student loans.

    1. So glad that you enjoyed it! It indeed a burden off the shoulders of a young graduate when they don't have to worry about paying someone back before they even get their first paycheck!

  2. Thanks for sharing this. I checked out the link you posted and was so cool.

    college for free

  3. Denise thank you for your comment and for checking out the blog!