http://www.moneycrashers.com/the-11-principles-series-paying-for-education-with-cash/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 21:28:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.moneycrashers.com/the-11-principles-series-paying-for-education-with-cash/#comment-24640 Sandra Sat, 26 Mar 2011 01:49:52 +0000 http://www.moneycrashers.com/the-11-principles-series-paying-for-education-with-cash/#comment-24640 I work at a college and I tell my relatives and friends children to do everything they can to keep from getting student loans. I tell them that these loans will become a mill stone around their necks. Yes, it may be necessary at some point, but keep it as minimal as absolutely possible. Grants and scholarships work but AVOID student loans! I work at a college and I tell my relatives and friends children to do everything they can to keep from getting student loans. I tell them that these loans will become a mill stone around their necks. Yes, it may be necessary at some point, but keep it as minimal as absolutely possible. Grants and scholarships work but AVOID student loans!

]]> http://www.moneycrashers.com/the-11-principles-series-paying-for-education-with-cash/#comment-13004 Diana S. Mon, 19 Jul 2010 04:44:59 +0000 http://www.moneycrashers.com/the-11-principles-series-paying-for-education-with-cash/#comment-13004 Any body with any ideas on how to make a soon to be 20 year old understand her Parents or at least her Dad is 2 years from retirement and she was 1 of 8 kids. Granted she is next to the last but we are just now beginning to breathe and be able to save a little and we now have her interest payments for her loans that we are paying on. In my book we might as well be paying the loans...because she just does not get it. I have tried to explain to her that I met a woman today who turns 30 in just a few short weeks. She is still living with her Parents due to the fact she cannot pay off her student loans. She just lost her job 6 months ago and still has 37,000.00 loan debt left. She is overqualified for most jobs but underqualified for some because she does not have years of experience under her belt. I have tried to tell my child of her demise...she now is threatening me with she will join the Service and Uncle Sam will pay for her to go to her Private Christian College...I told her they lie...she said we will see. I do not want her going to the Service...but, in the same token I do not want to have to live in a Cardboard Box in my retirement years...just because we can breathe and save a few pennies I do not think she should be taking them away from us. Her sister on the other hand says she will go to a Community college and have just as good of an education...I believe her! Can anyone relate on the Service paying for your education to a college you have chosen to go to??? Please let me know...ASAP Put in subject line COLLEGE HELP...thanks, Diana S. Any body with any ideas on how to make a soon to be 20 year old understand her Parents or at least her Dad is 2 years from retirement and she was 1 of 8 kids. Granted she is next to the last but we are just now beginning to breathe and be able to save a little and we now have her interest payments for her loans that we are paying on. In my book we might as well be paying the loans…because she just does not get it. I have tried to explain to her that I met a woman today who turns 30 in just a few short weeks. She is still living with her Parents due to the fact she cannot pay off her student loans. She just lost her job 6 months ago and still has 37,000.00 loan debt left. She is overqualified for most jobs but underqualified for some because she does not have years of experience under her belt. I have tried to tell my child of her demise…she now is threatening me with she will join the Service and Uncle Sam will pay for her to go to her Private Christian College…I told her they lie…she said we will see. I do not want her going to the Service…but, in the same token I do not want to have to live in a Cardboard Box in my retirement years…just because we can breathe and save a few pennies I do not think she should be taking them away from us. Her sister on the other hand says she will go to a Community college and have just as good of an education…I believe her! Can anyone relate on the Service paying for your education to a college you have chosen to go to??? Please let me know…ASAP Put in subject line COLLEGE HELP…thanks, Diana S.

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