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Ways to avoid Student Loans

19

JULY, 2018

With the increasing cost of college tuition, and unsustainable student loan debt, many people are wondering is college worth the investment. The average student loan balance according to Forbes.com is approximately $37,172 per student for the class of 2016.

Add this on top of stagnant wages and you have generation of young adults struggling to get out of debt, and trouble finding good paying jobs. In this month’s blog, I want to offer my thoughts on this epidemic and a few solutions that may help you in your pursuit of higher education.

As a recent college graduate, I managed to completely pay off all of my debt, including student loans, 11 months after graduating. This was huge accomplishment and I explained that journey in my YouTube video titled, “How I paid $65,000 in 11 months”, so check that out for detailed information. One trick that I did different from my peers was I worked a full-time job while attending college. I didn’t heavily party, hangout every day, and enjoy the college experience. I worked and took as many online classes as I possibly could at the cheapest accredited university in my home state.  This is important because working while in college allows you to keep your student loan balance in check and allows you build your experience prior to graduating.

“One trick that I did different from my peers was I worked a full-time job while attending college. ”

I didn’t heavily party, hangout every day, and enjoy the college experience. I worked and took as many online classes as I possibly could at the cheapest accredited university in my home state.  This is important because working while in college allows you to keep your student loan balance in check and allows you build your experience prior to graduating.

Another simple solution to this problem that is similar to the one above, is find an employer that offers a Tuition Reimbursement program. Most employers today offer tuition assistance to help internal employees develop their skills to move up within the company. This will allow you to go to school debt free if you can find a cheap institution and an employer that will pay a substantial amount of money for you to attend college.

The last and final option is to work hard in high school to achieve a high GPA and try to score above average on the ACT/SAT. Combined with an extracurricular activity like sports, music, art, ROTC, etc., you will increase your chances of colleges wanting to recruit you to their institution. All of this will open up the door for many scholarships and programs that will pay your college tuition in full.  You can also visit sites such as ‘Myscholly.com’ to apply for scholarships that may require an essay.

These are just a few of many ways to go to college without paying a dime. Some people may opt to not attend college at all and that’s okay because there isn’t a right or wrong path.

If you would like mentoring or coaching to prepare for college or going back to college, feel free to contact me at DanTheMentor@yahoo.com!


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