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Debt free until 50?

How are we supposed to get out of college withought any debt and why is college more expensive than the salary that your diplome is going to give you, is this system made to make us be debt free until we are 50?

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Jerome’s Answer

I think I’m this day and age, getting out debt free may be tough. I love that you are being mindful of the impact that debt might have on your future.

I started at a community college and transferred to a 4 year. This saved me a considerable amount of money in cost.

Loans may be a necessary evil, but don’t take out more than you need. I stayed on campus for a semester and it was costly, kinda wish I would have just rented a room somewhere.

With good budgeting, you can pay off your loans quicker (I paid mine off 7 years earlier than anticipated). Hope that helps.
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Sharon’s Answer

Hello! I understand your concerns about university debt. It's important to carefully consider all options when it comes to education. This may involve attending community college before a 4-year university, deciding between living at home or in dorms, working part-time, choosing a suitable major, and managing your lifestyle. If you need to take out loans, it's crucial to be cautious of interest rates and the total amount borrowed. Creating a plan to repay the loans after graduation is also recommended. Additionally, working part-time during university and utilizing on-campus resources can help alleviate financial strain. Another important factor to consider is the potential salary in your chosen career path. Assessing whether the return on investment is sufficient to justify taking out loans is essential. In conclusion, when it comes to managing university debt, it is crucial to carefully consider all aspects of your education, including alternative options, financial planning, part-time employment, and the potential return on investment in your chosen career path. By making informed decisions and taking proactive steps, you can navigate the challenges of debt and set yourself up for a successful future.
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