My kids were hyper aware out of high school of the burden of student loan debt and refused to sign on any federal loans. I’m proud they graduated college without debt… they did it sacrificing party time with work time, but they are financially better off because of it.
So many kids now have learned that signing paperwork can mean financial ruin that can’t be bankrupted.
When was that, how much was tuition? Because the average cost of college per year (tuition, fees, and regular daily expenses) in the US is about $38k. Assuming they worked half-time, they’d have to be making about $36/hr to cover that cost.
Personally I took out loans, took extra classes to graduate early, and paid off my loans years early after graduation. Federal loans make sense for most people.
My kids were hyper aware out of high school of the burden of student loan debt and refused to sign on any federal loans. I’m proud they graduated college without debt… they did it sacrificing party time with work time, but they are financially better off because of it.
So many kids now have learned that signing paperwork can mean financial ruin that can’t be bankrupted.
That’s a good thing.
Happy that was actually possible for them. Certainly wasn’t possible for me and probably millions of others.
The secret to be able to do it is responsible budgeting and lying.
When was that, how much was tuition? Because the average cost of college per year (tuition, fees, and regular daily expenses) in the US is about $38k. Assuming they worked half-time, they’d have to be making about $36/hr to cover that cost.
Personally I took out loans, took extra classes to graduate early, and paid off my loans years early after graduation. Federal loans make sense for most people.