Many people are so stuck in the system that they can't see their way out of it. They think it is a sign that they are doing well to send their child to an expensive college. Those of us who know, question their financial sense. It is not rational to go into a great amount of debt when you can accomplish the very same goal with the same results for much less. Just because it is the way everyone else is doing it does not mean it is the best way for you to do it.
Why become a debt slave
when there are alternative and affordable ways
to reach the same goals?
I just went over someone's finances where they are paying off an $88k student loan on a $40k per year job. They are dependent on a disabled relative to make ends meet. The relative is not long for the nursing home due to her disability which puts the first person in an insecure position.
Asked on social media: What college is only $9K!?! Lol
Wendy AsbellOnline colleges offer accredited degrees for much, much less. We called around and asked the Human Resource Departments of major employers in our area what they looked for, and if they were OK with the online colleges we were looking at. They all told us that as long as it is accredited, they will accept it. We did not pay more than $6k for any of our 5 adult children's college degrees. All of them have good-paying jobs and most are in leadership positions. Two purchased homes at 23 years old, one moved out and completely supported herself at 19 (she graduated high school at 14 and college at 17), and our 22-year-old is currently looking for a house. We still have two to go through college but they want to do it together. One of those two graduated high school at 15 and the other will graduate at 14. Alternative education is more affordable and has the same or better results.
An extra note: I expect Emily and Hannah will both graduate college before 18 years old.
