2013년 12월 1일 일요일

About 'debt from college'|How Much College Debt Is Too Much







About 'debt from college'|How Much College Debt Is Too Much








As               children               we               are               told               that               we               must               acquire               a               college               degree               if               we               are               ever               going               to               succeed               in               life,               but               we               are               never               told               how               to               pay               for               our               educations.

Growing               up               in               a               lower               middle               class               family,               I               learned               at               an               early               age               that               I               would               only               be               able               to               attend               a               higher               learning               institution               if               I               had               a               scholarship,               was               a               great               athlete,               or               got               assistance               in               the               form               of               grants               and               loans.
               Being               rail               thin,               and               not               the               greatest               of               athletes,               there               was               no               sports               scholarship               in               my               future.

That               left               me               seeking               academic               scholarships               and               grants.

While               I               did               well               enough               to               secure               a               minor               scholarship               and               a               small               amount               of               grant               money,               I               knew               that               I               would               still               need               capital               for               books               and               other               college               spending               related               expenses.
               Rather               than               plunge               into               the               shark               infested               waters               of               Student               Loans,               I               decided               to               take               another               route.

Knowing               that               most               students               leave               college               with               consumer               credit               issues               and               massive               amounts               of               debt,               I               began               looking               into               getting               my               general               education               requirements               at               a               community               college.

While               still               higher               learning               institutes,               these               colleges               were               typically               less               expensive               than               their               larger               brethren.
               I               also               began               a               higher               learning               savings               account.

Working               part               time,               and               not               wanting               to               acquire               any               debt,               I               put               all               my               income               into               a               small               banking               account.

The               idea               was               to               only               do               what               I               could               afford.

With               my               scholarship               and               grant               paying               most               of               my               expenses,               I               used               the               money               in               the               bank               account               to               finance               the               rest               of               my               college               spending.
               Any               money               that               was               left               over               in               my               account               rolled               over               into               the               next               month.

Any               money               that               was               left               over               at               the               end               of               the               semester               rolled               over               into               the               next               semester.

Any               money               that               was               left               over               at               the               end               of               the               year               went               into               the               next               year.

By               the               time               I               had               my               Associate's               Degree,               I               had               quite               a               bit               of               money               waiting               to               help               me               pay               for               the               second               chapter               of               my               education.
               I               chose               to               attend               a               small               State               College               near               my               home.

This               allowed               me               to               avoid               room               and               board               fees.

it               also               kept               me               more               focused               on               getting               my               education,               as               there               were               less               distractions.

I               was               either               at               work,               home,               or               school.

My               leisure               time               came               after               everything               else               was               completed.
               I               continued               this               process               for               duration               of               my               academic               career.

It               took               me               about               6               years               to               complete               everything,               as               I               was               only               able               to               afford               the               minimum               12               credit               hours               per               semester.

Still,               I               graduated               from               a               major               higher               learning               institution               with               no               debt               or               consumer               credit               problems.






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