There are some parts of college that stick with you for the rest of your life.
A student loan shouldn’t be one of them.
Sadly, though, that’s happening. The U.S. Department of Education’s statistics show that federal student loan amounts increased to more than $75 billion in the 2008-2009 academic year. That’s a jump of 25% over 2007-2008! About two-thirds of students borrow money today, and the average debt load is $23,186 by the time of graduation!
This is a bad thing in more ways than one. It’s bad enough that people are borrowing money for school and committing themselves to years of payments. But what’s worse is that it’s becoming more a mindset that you can’t be a student without a student loan. People who went to school 30 or 40 years ago didn’t think that way.
There are ways to get out of college without debt making you as sick as a late-night pizza.
These are just suggestions—there are other things that can be done to lighten the money load. If you can get out of school and not owe any student loans, do you realize how strong a position you’ll be starting in? All your broke friends will start looking at you differently. Their looks will go from “Man, you’re weird” to “Man, you’re a genius!”
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