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Leave College Loans . . . alone!
64 percent of college graduates take on some kind of student loan. Ben Kaplan
We started our marriage with 22 credit cards — $14,000 debt and $40,000 in college loans. We've had to work really hard to pay it off. Seven years, and six kids later, we have a zero credit card balance and owe just under $20,000 in college loans. We can see and agree that college loans are not always the best way to go!
- Economiser Note:
College loans can be a trap for decades. Fill out FAFSA, sign up for FastWeb.com, look for grants, work a summer job, get a part time job, use a budget, and after all of that, if you still need some cash consider a loan. But borrow only as little as you need. You'll be glad you did when you graduate and get your first job!
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