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To help all students, both in school and out, learn more about student loans and all available options. How? By providing accurate up-to-date information; so that students can confidently assess their student loan situation to make the right decisions and plans to move forward. With the ultimate goal being to decrease everyone’s debt liability, this site will provide consumers with tips and tricks to avoid a lifetime of budget draining monthly payments.
About the Author
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My name is Alex, and I started this site because I believe that every student out there deserves to have all student loan information accurately presented to them in one place so they can make decisions they’re comfortable with. Unlike other forms of credit, student loans are generally not underwritten. Massive amounts of debt is offered to young borrowers with little income and no credit history without any actual reality checks.
Since these loans are not underwritten, often times, students that take on student loans do so without any thorough due diligence. Their decisions to take on debt is being managed by parents, peers, and student aid counselors. Parents who are not up-to-date of the current economic times, rising tuition, and the negative impact student loans have on our future plans. Peers that are more than likely dishing out bad advice that they too received from their parents. And finally, student aid counselors whose sole role is to get a prospective student the money required to attend the institution the counselor is working for.
To the young high school graduates,
Spending four years of your youth on a degree that may not earn you a living is not an investment. Don’t listen to anyone tell you otherwise.
I can’t stress how important this is. Choosing a degree that will pay a high return is much more valuable than simply making a decision to just go to college. To those still in high school, please listen carefully. Do yourself a huge favor and mute all advice from parents, peers, and especially counselors. If you know what you want to do in life, great go for it! If the advice of your parents and peers coincides with your heart, don’t stop just go! Conquer the world with whatever passion you hold burning inside of you. But if you’re like the many students who are forced to make a decision, please don’t go to college to make your parents happy. The worst thing you can do to negatively impact your financial future is make an irrational decision that many students tend to make.
But if you’re part of the many who are forced to make a decision, don’t just go to college for the sake of making your parents happy. The worst thing you can do to negatively impact your financial future is make an irrational decision that you’re not confident on. A decision that many students tend to make.
While it’s true many studies show that returns on college degrees are high relative to their costs. Some people who end up with student loans do experience negative returns on their investment. Choosing a field you can tolerate is important, but if you’re unsure of what you want to do in life, choosing a field with the higher payoff relative to its cost is the next best thing.
To the college graduates,
Putting this much effort over four years or more, without a paycheck is no easy task. Sometimes I think back and think to myself I was crazy to go that long without pay but lucky for me I chose correctly. Like many high schoolers, I didn’t know what I wanted to do for the rest of my life. I still don’t. However, my choice wasn’t a bad one. I always loved business and I knew going to college is an investment so I mind as well invest in a payoff. My love for business pushed me towards business school and I chose to study the most boring of subjects, accounting. I hate it, I still do. I don’t see myself doing this for the rest of my life, but for now it’s ok. The degree pays well, there isn’t a shortage of jobs, and I can pay my bills without living in my parent’s basement. Financially speaking, my degree was worth the investment. I wish I could say the same for some of my friends who I graduated with.
Like you, I know many people with college degrees working manual labor jobs in order to survive. Some even went back to school to get masters degrees only to realize that the added debt burden wasn’t really worth it. Many of those friends have defaulted on their loans, are still living with their parents, and don’t see a light at the end of this tunnel. This hopeless feeling has caused them to spiral into depression and paralyzed all their future dreams. This site is dedicated to those who share these similar feelings. Please know that there is a solution to your situation. If you’re still reading this I hope you take the time to explore this site in full because I’ve spent many hours providing you the best content filled with answers and solutions that are easy to implement. I’m not going to lie and tell you it’s going to be easy. No matter your loan size, tt won’t be easy, it will take time, but it’s possible.
The advice on this site helped a number of my friends and I truly hope it helps you too.
If you’ve made it this far, I thank you for your time. Now, let’s get to it. Because there isn’t much time left. Let’s get out of student loan debt together and start living the life we’ve always envisioned for ourselves.