Yes, the college experience can be a wonderful opportunity for many, but do the costs of college outweigh the benefits?
You don’t need an Ivy League college education
In most cases, a potential employer doesn’t really care where you went to school. They ask if you have a degree, but it rarely matters where the degree is from.
So, unless you are looking to impress your friends, consider other options, especially community college and online institutions which are much more affordable.
Only borrow the bare minimum
We’re talking about potentially hundreds of thousands of dollars of debt to blemish your credit score, not to mention 20 or 30 years to pay it off plus all the interest. Only borrow the very minimum you need.
Attend an in-state institution
We’re talking about potentially hundreds of thousands of dollars of debt to blemish your credit score, not to mention 20 or 30 years to pay it off plus all the interest. Only borrow the very minimum you need.
Be objective if four-year institutions are right for you
Don’t just go to college because it seems like the thing to do. Sit down and really think about it. If you want to become a doctor or lawyer than absolutely, you need it. But what if you want to be a plumber, electrician or beauty stylist? A less expensive vocational school or even a 2-year community college would be the right choice for you. Or maybe you want to be an entrepreneur, in which case you’re better off investing the money you would spend on college into your business and learning from real people who have made it huge in the real world on their own.
So did this help you at all in making decisions about college? Does it get you thinking about tuition costs in a new light?
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