Hello, Hope on a Dime family! May is such a busy month! The end of the school year brings endless class parties, graduations, commencements, and so much more!
If college is on the horizon for you or for someone you love, listen up! According to Forbes magazine student loan debt is at all-time high! "There are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone [That's an average of over $34,000]. Student loan debt is now the second highest consumer debt category - behind only mortgage debt - and higher than both credit cards and auto loans." As I've spoken to those who are college-bound, one thing they have in common is that they see huge debt as a necessary part of their future. They don't see any way around it. Did you know that you don't actually have to take out loans in order to go to college? There are so many options out there for scholarships, college savings plans, and strategies for making college more affordable and paying cash. If a college education is what you want for yourself or your child, be sure to do your homework, investigate all the options, and avoid a life starting with substantial debt. If you would like to find out more about some of these options and where to find help, shoot me a PM. I'd be happy to share what I have learned and direct you to the right place for your particular situation.
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