Archive for school

Breakthrough As A Student Loan Debt Free College Graduate

Student loan debt is a common cause of financial distress for many college graduates.  There are some ways to lessen the weight of student loans both before getting into debt and after.

College graduates walk away from college with a diploma and a weight around their neck called student loan debt.  Students that leave school before graduation, only walk away with the debt.  Popular wisdom is that it will take years and years, maybe decades to finally pay off student loans.

One of the worst things about student loan debt is that students who are accruing them rarely have prior experience in dealing with debt. Students are almost victims of the system in that they are sort of put on automatic to getting into the debt.  The FAFSA data gets forwarded to lenders and all the student has to do to accept the loan is to sign for it.  The government encourages and enables the process.  There is not a step in the process where students are ingrained with the values of limiting the amount of debt they take on or any sort of urgency to break free from the bonds of debt.  “Debt is bondage” – Suze Orman

Debt is bondage! -Suze Orman Click To Tweet

Student Loan Debt Seems to Linger for a Lifetime

How Long Will it Take to Pay Your Student Loan Debt

Student Loan Debt Seem to Linger Forever

College graduates take for granite and accept that debt will be a part of their life for the next decade or more after graduation.  This does not have to be the case.  Someone needs to stand in the gap for the student and help them understand the down side that having this debt will bring to their life.  So many students are looking to others to make the debt go away after they acquired it.  The natural process that drew them in does not provide a roadmap to get them out.  Unfortunately, only the student is liable to meet the obligation.

Whatever phase of the student debt experience you find yourself, whether that is prior to getting into student debt, in school and increasing debt each semester, or a graduate looking for a way to get free from the weight of debt, I want to give you some hope and direction.

Sooner is better

Hopefully you are reading this before finding the noose of debt around your neck.  If that is the case, take heed and let this be words to the wise.

It might not be possible to get through your college education without any debt, but at least make an effort to keep it to a manageable level.  Only take out what you need to get through.  It is not wise to live lavishly on borrowed money.  You and only you will be paying back that debt.  Well, I take that back.  Possibly you and your future spouse will be paying that back.  Oh and add your kids to that list of who will be affected by the debt you take on during school if you let it get out of hand.  So, maybe you aren’t concerned about how it will affect you, but at least pay attention out of love for your future family.

Phases

Pre-loan phase

If you are at this stage, it is the perfect time to gain an operational understanding of the principles of debt.  There are a number of financial pitfalls waiting for you at college.  Hopefully your parents can give you guidance, but increasingly across the country people of all ages are struggling with debt and finances in general.

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Who is Responsible to Provide Basic Needs of Americans?

There are some people who believe that the government is responsible to provide basic needs of Americans.  Others believe that each individual is responsible for providing basic needs for themselves and their own family.  Which are you?

Who Provides Basic Needs

Don’t know about you, but I am responsible to provide for myself and my family

To Provide Light not Heat

Let me say up front that the intent of all my posts are to bring light, not heat.  By that I mean I want to share information not inflame emotion.  I know that many people are emotionally charged by the topic of government assistance.  It is a hotly debated political topic that divides our government along party lines.

The topic of government handouts is a sensitive one because no one wants to see suffering, and various political groups see solutions differently.  I am not taking any side about whether we should or should not provide for the less fortunate.  My hope is for you to find a better solution for yourself than being dependent on anyone else.  Your freedom is what I am writing about here.  I believe that you will have greater freedom if you shoulder the responsibility for providing for yourself and your own family.

If you feel like you are dependent on someone else or the government to help you make ends meet, I know how you feel.  I felt the same way.  There was a period of my life where I was dependent on government assistance to feed my kids.

How I Ended up on Government Assistance

Having been on the receiving end of government assistance in the form of WIC, I can assure you that being free from that lifestyle is a blessing.  I much prefer being able to provide for my own family.  There is no satisfaction in receiving handouts.  WIC is state assistance to help cover the cost of foods, health care referrals, and nutrition education for low-income pregnant, breastfeeding, and non-breastfeeding postpartum women, and to infants and children up to age five who are found to be at nutritional risk.  For more facts on WIC, see the USDA site The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC)

So, how did I end up getting government assistance and how did I get off it? Read More →

Is The College Education Route Best For You?

Are you a high school student who has been thinking that perhaps you were not meant to go to college?  Maybe you are right and College is not the best choice for you.  College was certainly not the route I took right out of high school.   Maybe you are feeling pressure from teachers, parents, relatives and fellow students to go to College.  Let’s explore the pros and cons of going to college vs not going, and look at some options that might be a better match for you in your particular situation.

The Big Decision – College or Wait

This post is not intended to talk you out of going to college, nor is it intended to talk you into going.  The intent is to help you as you make one of the most significant decisions you will have made up to this point.

In my case, I did eventually get a Bachelor of Science (BS) degree and ultimately a Masters’ of Science (MS) degree.  But that is a long way from where I started out.  Early in my senior year in high school, I enlisted in the US Navy; October 28 to be precise.  My GPA in high school was not very high.  In fact, I often joke that I was a high school push-out.  My French teacher made me promise not to take another level of French before she gave me the passing grade I needed to graduate.  She said that if I didn’t promise, she would not give me the passing grade.The Big Decision - Go to College or Wait Click To Tweet

The decision as to what to do after high school graduation can be daunting!  What will happen if you don’t make the right decision?  Like, what if you go to college, but it is not right for you? What will be the worst case scenario?  Failing out and returning home? Disappointing parents and grandparents? No one wants to let our parents down.  What if you don’t go to school?  What will you be labeled by your family and friends?

Before you make the decision to go to college or take another route, let’s examine the options and make sure you are equipped with knowledge to make the best choice for you.

What are the Options besides College

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The Startling Truth About Goals Objectives and Campaigns

Effective Goal setting is one of the most effective skills you can master to help you realize your dreams.

The concept of goal setting can sometimes seem overwhelming.  You might have been discouraged by having set goals that were not achieved in the past.  Setting and obtaining measurable goals has been an underlying skill that I have honed over the years to achieve significant success in many areas of my life.  In this post, I will share some techniques with you that will help you achieve the pursuit you are presently struggling with.

Simple Goal Setting to Achieve Objectives

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Why Didn’t Education Get Me Where I Wanted to Go?

We are bombarded with messages that getting an Education imperative to be successful.

In my first blog post, I mentioned that I was getting close to completing my Master’s Degree.  In fact, at the time of this writing, I was one course away from completing a Master’s of Science in Emergency and Disaster Management (MSEDM) with a concentration in Homeland Security from Trident University International in Cypress, CA.  Now I have completed that degree plan!!! Read More →