A college education does not have to equal a lifetime of debt
Item number one of the philosophy that drives everything we do on this site is “Debt sucks! Stay out of it as much as you can” and I most certainly do include “student loans” in that viewpoint. Now I realize that for some students taking some student loans will be the only way to pay for 4 years of college I just believe you should borrow the absolute minimum amount you can. Student loans are not for supporting a lifestyle they should be used to fund tuition, books and direct educational expenses.
My biggest issue is that many young people are lured into massive student loan debt while billions of dollars in college grants and scholarships go unclaimed every single year. Let me repeat that fact billions of dollars in educational grants and scholarships that never have to be paid back go unclaimed every single year while students go into deep debt to fund their educations.
That is why I am a big fan of websites like Scholarships.com that help put students in touch with those funds. So if you or someone you care about is getting ready to go off to college or is even currently in college please make sure to take advantage of every way to fund that education that is possible. Even just a few partial scholarships and grants can have a massive effect on long term debt.
I have talked to new grads that come out of school over 75,000 dollars in debt. In many places that will buy a person a starter home! Debt is cancer always remember that it must be used as a tool and only as it is needed. Right now this very second there is more then 19 Billion dollars waiting at Scholarships.com to help fund educational needs so please make sure to check out their website, set up a free account and find ways other then more debt to fund educational expenses.
For helping young people reduce debt and achieve educational goals Scholarships.com certainly makes my list of recommended sites.
Filed under Business & Marketing | Comment (0)Another financial advice website to check out
I was just asked to review a web site called Finance Genius. I have to tell you I like what I saw. Basically the site is an information portal that helps consumers with a combination of advice and what amounts to a brokerage approach in connecting consumer to different options for things like insurance, mortgages, student loans and Auto Warranty services. With automotive warranties in particular I always advise people to shop outside sources, the extended warranties offered by dealerships tend to be over priced and then simply lumped into your loan so you get to pay interest on it. My additional advice is wait until your included warranty is almost up before paying for an extended on. Why pay for a warranty you may not use?
Like any site that is recommending various financial products my advice is to shop what they have and compare it to other options. Always make sure you find the best deal you can but Financial Genius certainly looks like one of the good guys so if you are in the market for any of their services have a look around their site and see what they have to offer. Remember my view is debt is bad but when it is necessary get the best deal, with the best terms you can find. Sites like this one are good tools for finding those types of deals.
Filed under Personal & Home | Comment (0)