The Cost of College
The College Board estimates that a student attending a public four year college will spend an average of $8,665 per year. If your student graduates in four years, that means $34,620 in tuition alone. Going to an out-of-state school or private college? Your costs skyrocket to an estimated $20,000 or $30,000 per year, meaning before you get your first professional job, you are already in debt to the tune of close to $120,000. College costs put significant financial strain on new graduates and their families, forcing students to choose between their dream schools and schools that are offering any kind of scholarship to help control costs. For parents, their choice is to fund their retirement or watch their salaries disappear with every semester. The costs for one student is astronomical – the cost for multiple students is untenable. But what if there was a way to get a quality education – and still graduate debt free? It may seem that to get the education you deserve, experts and colleges want you to go into debt, taking out loans that look like a mortgage. My name is Shanice Miller, and I graduated from college in 2011. I’m a well-paid dental hygienist, and I graduated from college completely debt free.
My Debt Free College Story
Entering high school at age fourteen, I had no idea what financial obstacles lay ahead. I knew that I wanted to go to college. I didn’t know what I wanted to do with my life and career – I debated going into graphic design, computer science, accounting – just about everything under the sun. And in high school, many well meaning people will give bad advice based on preconceived notions about college. (Click here to see the number one misconception about getting money for college.) Adding to my stress was watching my cousin struggle to find work after college. She was four years ahead of me, and took out loans to pay for her education. While she kept her loans low by today’s standards (around $10,000), my cousin graduated into a recession. Even with a degree, she was at the whims of the job market. Month after month, she stressed about her student loans while going on interview after interview. Watching my cousin made me afraid to take on debt – but many of my friends funded their education through loans. Two of my close friends took out more than $20,000 in loans for undergraduate. Other people in my class got into their dream college and were stuck holding $100,000 bills for undergraduate. And for people who may want to go on to graduate or law school, the amounts start looking like mortgages. I spent my junior and senior year of high school worried, scared, and confused. I started a scholarships and grants hunt, and found a lot of ways to finance my education. But knowledge isn’t just power – in the college tuition game, knowledge is money. And unfortunately, I made a few mistakes along the way that cost me thousands of dollars. Luckily for me, I recovered in spite of the misinformed advisors, confusing paperwork, and challenging financial aid requirements. When I graduated from University of Maryland, Baltimore Dental School in 2011, tuition was $10,000 a semester for in-state tuition. If I hadn’t done my research, I could have shelled out more than $80,000 for my degree. But instead, I ended up paying nothing in tuition – and I actually got money back every semester! I am happy in my profession and able to move on with my life after college – I ended up buying my first home three months after graduation and I’m living a travel filled adult life. But something still bothered me. Many of my friends from high school and college couldn’t start their lives the way I could. They were saddled with so much debt, most of my friends live with roommates or their parents. They had to take whatever jobs were paying, instead of having the financial freedom to take internships and take their time in finding their first job out of college. One of my friends is twenty-eight years old paying $400 a month in rent (with roommates) and pays more than $1,000 toward his student loan minimums each month. Despite having a good job with the government, he doesn’t think he will be able to move into his own place, get married, or buy a house. I wrote Debt Free College Grad and created this video series to make sure that no one else has to worry about how to pay for college. No one should have to think about dropping out because they can’t afford tuition. No one should have to mortgage their present to pay for the future. And I want to help you achieve your dreams…debt free.
My Video Series Will Teach You:
- The Crucial First Step in Your College Search Process
- The Key Differences in types of Scholarships and Other Types of Aid
- Why the FAFSA is Important, No Matter Your Household Income
As a BONUS, I will also send you my other videos and weekly quick tips that I found helpful in graduating debt free through winning scholarships and grants! Have any questions? Contact me at: email@example.com