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Home > Articles > College Debt � How To Avoid It, and How To Get Out Of It
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College Debt � How To Avoid It, and How To Get Out Of It |
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by Vanessa McHooley
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Because most college students are using loans to finance their college education, the debt level of recent graduates is rising rapidly. On average, students graduate owing $12,000-$16,000 in student loans and another $2,000 in credit card debt. Is this the price you have to pay for higher education, or can you avoid college debt in the first place
The secret to avoiding college debt is to plan wisely and take advantage of the many opportunities to reduce college costs before and during your college years.
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Holistic Junction Featuring School of the Week
Holistic Junction's featured school of the week is Clayton College of Natural Health. Clayton College, a Nationally-leading, distance learning school, affords students with education and training in becoming a natural health practitioner. Why? They understand that Holistic health and nutrition are among the most exciting, rewarding career choices today.
Clayton College offers multiple degree programs such as Bachelor of Science, Masters in Science and Doctor of Philosophy in Natural Health and in Holistic Nutrition. Additionally, they offer Certificate Programs in Natural Wellness, Herbal & Iridology Studies as much more.
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Planning ahead
You can avoid college debt by making wise high school decisions
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Paying for your Child's College Education
This is probably the most intensive short-term cash drain on any family's finances. Unlike most other big- ticket items, such as homes or automobiles, that can be paid off in monthly installments, college tuition must be paid out over a relatively short period of time. With tuition at staggeringly high levels throughout the nation, a family's commitment to provide higher education for children can be overwhelming.
Ideally, a long-term plan for college education was initiated from the birth date of your college-bound student. There is no better way to ensure a child's education that a systematic savings plan. But this is not an ideal world, many of us must finance part of the college education out of the monthly family budget.
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Take advanced placement classes Take all the advanced placement classes you can in high school--every AP exam you pass means one less class you need to take in college. Keep your grades up Scholarships can be competitive, and even the grades you make early in your high school years can mean the difference in winning or losing. Don't make the mistake of thinking you can save the hard work for your junior and senior years! Stay involved Scholarships also may depend on community and school involvement. Search for scholarships and grants Scholarships and grants are the best money source for college because it is money that doesn't have to be repaid. To find out about grants and scholarships, visit your high school career counselor and the Financial Aid Office of your intended college. You can also search the internet for scholarships and grants. Investigate public service options The United States Military, National Health Service Corps, and Americorps will give you money for your education in exchange for your signing up for a �tour of duty.� The time commitment ranges from 10-12 months to 8 years. Living wisely The chances to make wise decisions and avoid debt continue into your college years. Start out in a community college Most towns and cities have two-year community colleges where you can take your basic courses at less cost than at a four-year college or university. Just investigate to make sure your community college credits will transfer. Take advantage of Work-Study programs If you qualify for the federal work-study program, take advantage of it! You will have an on-campus job, possibly in your field of study. Or work for the school Many colleges give discounted or free tuition to employees and their family members. There are lots of non-teaching jobs on campus that you can apply for. Live frugally Live at home or get a roommate. Avoid expensive spring break trips. Buy used textbooks, and sell your books at the end of the semester. I already have a loan. Now what? If you have a federal student loan, it is possible to have your loan debt discharged (canceled) or reduced, under certain specific circumstances: You die or become totally and permanently disabled Your school closed before you could complete your program You work in certain designated public school service professions (such as teaching in a low-income school) You file for bankruptcy (only if the bankruptcy court rules that repayment would cause undue hardship.) As you can see, there are many steps to avoiding or relieving college debt. To best manage your debt it is wise to implement a combination of the strategies listed above that work best for you. This article is distributed by NextStudent. At NextStudent, we believe that getting an education is the best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn more about how to avoid college debt at www.NextStudent.com.
My goal is to help every student succeed - education is one of hte most important things a person can have, so I have made it my personal mission to help every student pay for their education. Aside from that, I am just a pretty average girl from San Diego California.
http://www.nextstudent.com/
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Compensation Resources, Inc. Releases Its 2003-2004 College Graduate Salary Survey
Upper Saddle River, N.J. - May 2004 - Compensation Resources, Inc. has released the results of its 2003-2004 College Graduate Salary Survey. The purpose of this study was to obtain compensation data and information on recruiting and hiring trends for recent and new college graduates. The survey sampled compensation data from 71 organizations, including 1,253 jobs
The results do not indicate any startling or unexpected results, and for the most part, they are consistent with other studies covering broader employee compensation trends. Among the most significant findings was that total cash compensation, which consists of salary and bonus/incentives, increased by a respectable 6.1%, even though salaries only increased by a modest 0.8%. This is consistent with the trend of increased use of variable pay elements by many organizations. Variable pay allows companies to offer competitive pay with upside potential, while controlling fixed overhead for payroll costs, and to some degree, lessening the impact of higher salaries on benefit costs (i.e., vacation and time off benefits, retirement, some insurances, etc.). Some additional highlights: |
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Paying for your Child's College Education
This is probably the most intensive short-term cash drain on any family's finances. Unlike most other big- ticket items, such as homes or automobiles, that can be paid off in monthly installments, college tuition must be paid out over a relatively short period of time. With tuition at staggeringly high levels throughout the nation, a family's commitment to provide higher education for children can be overwhelming.
Ideally, a long-term plan for college education was initiated from the birth date of your college-bound student. There is no better way to ensure a child's education that a systematic savings plan. But this is not an ideal world, many of us must finance part of the college education out of the monthly family budget.
[More >>]
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Want To Play College Sports Meet Athletic Quest A New Tool For College Recruiting
Simplify the college recruiting process with the new ATHLETIC QUEST College Recruiting System. This system allows athletes in any sport to find a college that meets their needs, market themselves to college coaches, and learn how to prepare themselves to play college sports.
Salt Lake City, UT (PRWEB) August 12, 2024 -- Sending impersonal form letters, making cold calls, and hoping to hear from college coaches are a thing of the past. A new College sports recruiting system has been developed by SPORTAMERICA.com (the largest producer of sports instructional videos for athletes worldwide) that teaches high school athletes how to get themselves recruited.
�We are a Recruiting System, not a traditional recruiting service� says Chris Miller, President. �Recruiting Services will charge anywhere from $300.00 to $3,000.00 claiming they will find you a college to play for. The problem is they end up placing only a very small percentage of players into programs that are not good fits for the athletes. You remain at the mercy of who they may know.�
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Smart Kids Can be Dumb About Money
Parents don�t appreciate how unprepared their kids are to manage financial matters on their own and how much kids need to know today to avoid problems and bad habits which will hurt them later in life.
(PRWEB) August 20, 2024 -- Parents need to take the time to educate their kids about money management before they leave for college. Unfortunately, college students often get in financial trouble at school. US Treasury statistics reveal that 45% of all college students are in debt with an average credit card debt load of $3,000 by graduation. Studies have also shown that young people typically get failing grades on tests of their financial knowledge. They are not adequately prepared for the financial choices they must make when living on their own for the first time. In fact, bankruptcy is growing faster among young adults in their 20's than in any other age group in the country. Yet, parents are sending their kids to college with only a mild lecture against overspending.
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