Don’t Let Your College Student Graduate with Debt

Financial responsibility is a crucial part of the college experience for those attending both university online and on campus, yet some personal finance skills remain foreign to students as they prepare for college. Parents have the task of preparing their children for a new financial world and they can do that by discussing the pitfalls that come with being on their own.

Do you want your son or daughter to graduate with tens of thousands of dollars in student debt especially given the scarcity of jobs all over the world? You are their first line of defense. Don’t forget to talk to your child about the key points we lay out below before sending them off to college and even more importa

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One Response to Don’t Let Your College Student Graduate with Debt

  1. A good rule of thumb is not to borrow more than your first year’s salary for college education.

    There are several ways to save on the expense side, such as attending a good, local two-year college, then going on to a more expensive university for the final two years.

    On the income side, there are always employment opportunities, from flipping burgers to working in a grocery store to pay the bills.

    For sure, I would never want a parent to sacrifice their retirement to fund their children’s education. A student can always get a loan, grant, or scholarship; those opportunities don’t come for a retired person.

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