Did you watch the finale of Survivor a few weeks ago? One of the finalist was a Doctor who told the jury he had over $300 thousand dollars in student loan debt! Yikes…how stupid must you be to rack up massive student loan debt like that! Do you know how long it will take a beginning doctor to pay back a student loan like that? A very long, long time!
Sadly, many college students get their self into such debt. I’m not sure why either. With a little planning, some good student loan advice and just a tad bit of work ethic, you can minimize your student loan debt while in college.
But it does no good to keep your student loan debt low if your other debts go through the roof. One of the best things you could do as a student is to cut up your credit card. Oh..yeah…this will hurt. But it’s the best move, and the smartest one, you could make. No, don’t keep it around for emergencies. You’ll have several emergencies per day if you do.
Also, if you can’t afford it, stop going out all the time. I once spoke with a young lady who constantly complained about having no money and how she could not pay her bills while in College. She then went on to brag how she partied nearly every night and how her and her girlfriends loved to take weekend trips into a major city to shop for clothes!
The problem was, her ‘friends’ were born with Silver Spoons in their mouths and she was not!
Another thing I don’t get are those of you who are going to college and racking up massive debt so you can get out and make $30,000 per year. If you’re going to rack up huge piles of student loan debt, at least make sure you can get a job above the poverty line when you get out!
Student loans for Nurses is a prime example. There are many ways to get a Nursing degree without racking hundreds of thousands of dollars in debt. Heck, if you’re going to pile up that much debt, why not go ahead and become a doctor?
If you aren’t already a member, you might want to think about enrolling in our members only Credit Repair training. We will teach you about all aspects of credit including: dealing with student loan payments, unsecured credit cards for bad credit and credit card debt settlement. We will walk you step by step through the process of credit repair and answer any questions you might have. We are not a credit repair business but will guide you through the process of repairing your credit BETTER than a pro!
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