College Financial Planning

      With the resumption of college coming up its time for a few ideas about Finances.


            1. Community colleges are cheaper and better than the first two years at a four year      school. Stay home and the only college experience you’ll miss is the student debt trap experience.


            2. Avoid colleges which market their recreational facilities. You’ll be paying for them for            the rest of your life.  


            3. Most students can get scholarships and grants which do not have to be repaid. Only     suckers pay the sticker price.


            4. Make sure your college major can lead to a good job. Some majors like History are     more fun as a hobby you can enjoy with the money you make from a real job. 


            5. Work all you can to minimize your Student Debt. It seldom hurts your GPA.


            6. Student lenders have super creditor rights which override normal borrower      protections. Be sure you understand what you are signing up for.


            7. Because of the harsh Student Debt laws, there is now some movement to help the       unemployed and underemployed debtors. Keep up with those programs if you are        struggling to pay your debt.


            8. Don’t wait for the government to solve the Student Debt mess. They created it. It’s up to you to take control of your financial life.     


            9. Some student borrowers are delaying marriage and home purchases to get out of       debt. Remember Abraham Lincoln, who built his life before he paid his debt, and          thereby achieved his destiny. Build your life first and do the same.       


            10. The American Dream is not dead and you can overcome your setbacks to achieve it. Don’t lose hope.


            It still pays to learn, whether in college or out: “Do you see a man skilled in his work? He will serve before kings.” Proverbs 22:29



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