You Can't Afford to Attend that College... Post #2 in the Rewarding Career Without Debt Series
I know I’m going to step on a few toes with this post, but I hope you’ll consider this: Choosing a college or university should be a business decision, not an emotional one. School choice is one of the biggest factors in the cost of education. You can’t allow your heart to say private university if your wallet can’t back it up with the cash. It’s not worth it to overspend on your degree only to devote the next decade to paying off debt. If your heart is set on a private degree, start planning early for how you’re going to pay for it - work extra jobs, apply for 1000+ scholarships, find an employer to sponsor you etc. If you want it badly enough you’ll find a way to make it happen without debt. Parents, this may be your wake up call that it’s time to put your finances in order so that you can save for your children’s college funds. Start having conversations with your teens early in their high school career about college choice and how much cash will be available for them for school. Help them make wise decisions for their future. At Berry Personal Finance, I am offering free consultations for financial coaching services. Sign up at berrypersonalfinance.com.