So, how do you graduate college debt free?By taking a hard squint at your family's budget and picking a school with a tuition that won't burst the purse strings. Intuitive, rewarding in the long run, and impossible to fathom in an age when parents buy Mozart records in hopes of raising the new Harvard baby...
So what should you do if you'd like to erase student loans from your credit history?
- Parents should refrain from cashing out their home equity lines and 401K accounts. Unless, of course, you'd like the 'rents to rely on social security and skimp on those winter getaways to Palm Beach.
- Downsize, downsize, downsize. Quit smoking, drive your car for an extra year, and easy on those latte purchases. Also, GET A JOB AND QUIT MOOCHING.
- FAFSA Form Woes: Understand that college financial aid accountants don't take into account how much your parents have saved for retirement, or how much of the housing mortgage they've paid down.
- Choose the state school if you can't pay. Consider this your personal austerity program for a debt-free education.
No comments:
Post a Comment