Limit Your Student Loan Debt!
Categories: Saving and Paying for College, College Preparation, College Search
In the wake of the economic downturn many financial planners and economists have been advising students to seriously think about the colleges that they are choosing and to be aware of the amount of student loan debt that could be associated with the college they decide to attend. Often, students are so excited to have been accepted to the college of their dreams that they do not stop to understand about the loan payment that comes with the amount of money that they are choosing to borrow in order to attend that school. Not only is it important for you to calculate what those payments could be before making your final decision, it’s important to considering the possible starting salary in your field. I found this article that can help you and your family start to have conversations about which college might be right for your particular circumstances.
We encourage high school juniors to come see us in Concord this summer. When you come in, we’ll help you find a variety of schools to apply to that are right for you – we’ll look not only at schools that are a good academic fit for you, but also a good financial fit for you. Call 888.7.GRADUATE ext. 119 to book your appointment today!
We’ll see you this summer!
Val
Val, this article is very valuable to all high school seniors and their parents as they make their final college decisions. As a college counselor, I have seen so many recent college graduates who are struggling with the payments on their student loans. It may sound like a small sacrifice now to have a large payment each month in order to get yourself to that dream college. However, in this economy it is often more difficult for college graduates to find the ideal job right out of school. Plan well now and you won't find yourself struggling later.
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I never even knew about NHHEAF until senior year. i found out about them just in time! We have a FREE resource right at our fingertips! be smart and take advantage! The counselors saved me so much time and gave me so much confidence in the process.
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This was an interesting article. I have a buddy who's just chosen a private college in Boston. He will get a psychology degree - and when he gets out of school, he and his family will be over $85,000 in debt. That amount of money freaks me out cuz I don't know how he will be able to afford an apartment or get a car.
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This is certainly an important topic for many families. With student loan debt surpassing credit card debt, it is important to understand the risks associated with a decision to borrow for college. While borrowing is usually a necessity these days, it is important to understand the impact student loans may have on your family's financial situation. While an education is certainly a valuable thing, it is something that can be had at many different costs and it is important not to let emotion dictate your college choice alone. Think carefully about choice of school and understand that the degree is most important, not necessarily where the degree comes from.
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