Comments on: Being A Student Without A Student Loan http://www.enemyofdebt.com/2009/08/being-a-student-without-a-student-loan/ Motivational Money Management Wed, 08 Feb 2012 23:11:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jenn http://www.enemyofdebt.com/2009/08/being-a-student-without-a-student-loan/#comment-7949 Jenn Wed, 15 Sep 2010 17:15:56 +0000 http://www.enemyofdebt.com/?p=1046#comment-7949 My husband and I have told my son that we'll be splitting the cost of his education equally - three ways. My son knows he will be responsible for 1/3 of the costs of his post secondary education starting Sept 2012. We figure three of us are paying for this so that's a reasonable split. He turned 16 last week and is now looking for a PT weekend job to begin saving for school and having a little pocket money. He plans to try to work full time every summer starting in 2011. Fortunately we have multiple universities and colleges in town so with the exception of a few very specialized programs there's no need to go out of town for school unless you simply want to. With preparation in advance and clearly outlining what he'll have to pay for, we're working with him to figure out what portion of his income needs to go into his school fund and what is really fun money. He's decided to try to have his entire first year funds and 50% of the second year saved up before he starts, just to make sure he doesn't run short. I love that he's planning in advance for unforeseen expenses. In my family everyone from my parents generation onward has gone to college or university. Every aunt, uncle, cousin, niece and nephew. Every one who is married has a spouse with a diploma or degree. Any child growing up in this family just assumes that highschool is the middle section of your education. There's no sense of pressure to go to college or university, it's just normal. As a result everyone with kids plans to at least partially fund at least the first degree for each child. The only one of all of us who had student debt is my cousin who went to law school and she was debt free through to the end of her Masters degree and only began to incur debt at law school when her course load was too heavy to do much PT work. Getting our educations without debt was accomplished through a combination of parental funding, longterm savings started in highschool, living at home in most cases, having PT jobs all through school, and living very frugally while in school. My husband and I have told my son that we’ll be splitting the cost of his education equally – three ways. My son knows he will be responsible for 1/3 of the costs of his post secondary education starting Sept 2012. We figure three of us are paying for this so that’s a reasonable split. He turned 16 last week and is now looking for a PT weekend job to begin saving for school and having a little pocket money. He plans to try to work full time every summer starting in 2011. Fortunately we have multiple universities and colleges in town so with the exception of a few very specialized programs there’s no need to go out of town for school unless you simply want to. With preparation in advance and clearly outlining what he’ll have to pay for, we’re working with him to figure out what portion of his income needs to go into his school fund and what is really fun money. He’s decided to try to have his entire first year funds and 50% of the second year saved up before he starts, just to make sure he doesn’t run short. I love that he’s planning in advance for unforeseen expenses.

In my family everyone from my parents generation onward has gone to college or university. Every aunt, uncle, cousin, niece and nephew. Every one who is married has a spouse with a diploma or degree. Any child growing up in this family just assumes that highschool is the middle section of your education. There’s no sense of pressure to go to college or university, it’s just normal. As a result everyone with kids plans to at least partially fund at least the first degree for each child. The only one of all of us who had student debt is my cousin who went to law school and she was debt free through to the end of her Masters degree and only began to incur debt at law school when her course load was too heavy to do much PT work.

Getting our educations without debt was accomplished through a combination of parental funding, longterm savings started in highschool, living at home in most cases, having PT jobs all through school, and living very frugally while in school.

]]> By: Brad Chaffee http://www.enemyofdebt.com/2009/08/being-a-student-without-a-student-loan/#comment-2376 Brad Chaffee Fri, 28 Aug 2009 19:50:46 +0000 http://www.enemyofdebt.com/?p=1046#comment-2376 It is great to see so many different stories regarding student loans. Most everyone seems to have student loans in their debt snowball and usually they are one of the last things to get paid off. Thanks for sharing! :D It is great to see so many different stories regarding student loans. Most everyone seems to have student loans in their debt snowball and usually they are one of the last things to get paid off. Thanks for sharing! :D

]]> By: Chris Holdheide http://www.enemyofdebt.com/2009/08/being-a-student-without-a-student-loan/#comment-2373 Chris Holdheide Fri, 28 Aug 2009 17:05:10 +0000 http://www.enemyofdebt.com/?p=1046#comment-2373 I agree with going to lower tution schools my brother did that when he was getting his computer science degree. He started out at a local college then later on tranfered to another college to finish out his degree. In the mean time he co-op at a company to earn extra cash and gain experiance. In the end it all paid off for him. I agree with going to lower tution schools my brother did that when he was getting his computer science degree. He started out at a local college then later on tranfered to another college to finish out his degree. In the mean time he co-op at a company to earn extra cash and gain experiance. In the end it all paid off for him.

]]> By: Dave http://www.enemyofdebt.com/2009/08/being-a-student-without-a-student-loan/#comment-2372 Dave Fri, 28 Aug 2009 16:28:52 +0000 http://www.enemyofdebt.com/?p=1046#comment-2372 Best move I ever made... Went to in state 4 year university Worked as much as possible Paid for school as I was in it Sacrifice paid off by not having school loans when done Dave LifeExcursion Best move I ever made…

Went to in state 4 year university
Worked as much as possible
Paid for school as I was in it
Sacrifice paid off by not having school loans when done

Dave
LifeExcursion

]]> By: Kelsalynn http://www.enemyofdebt.com/2009/08/being-a-student-without-a-student-loan/#comment-2365 Kelsalynn Thu, 27 Aug 2009 03:47:19 +0000 http://www.enemyofdebt.com/?p=1046#comment-2365 I'm glad you posted this. It really illustrates ALL of a students' options, not just the ones that are seen as "popular." As the first child in my family to go to college, I know none of us had any clue about FAFSA, tuition, etc. I wish someone laid it out there like this instead of handing you the loan application and saying, "Don't worry..." Excellent post. (3rd comment...can you tell I'm getting caught up on my blogs?) I’m glad you posted this. It really illustrates ALL of a students’ options, not just the ones that are seen as “popular.”

As the first child in my family to go to college, I know none of us had any clue about FAFSA, tuition, etc. I wish someone laid it out there like this instead of handing you the loan application and saying, “Don’t worry…”

Excellent post.

(3rd comment…can you tell I’m getting caught up on my blogs?)

]]> By: Marshai http://www.enemyofdebt.com/2009/08/being-a-student-without-a-student-loan/#comment-2359 Marshai Wed, 26 Aug 2009 16:41:29 +0000 http://www.enemyofdebt.com/?p=1046#comment-2359 Brad, This may not be the best option for some, but for me it was great. I enlisted in the US Marine Corps and completed my 4 year degree for free under the tuitition assistance program. I did not use my MGI Bill and now I have an extra $40,000 to use for graduate school. Also, on active duty I received valuable work experience in conjunction with my degree. I am not a recuiter and I am not saying this is the best course for all. My mother was poor and I did not want to follow the same steps. I also needed time to decide want I wanted to do and did not want to do that at a University with a tuition. I am now 24 with no college debt and money to go to graduate school. I have been reading your post since I seen it mentioned on CNN. I am on your train Brad! Best of luck to you and your family. You are having a baby in October and I am getting married in October. Congrats! Brad,

This may not be the best option for some, but for me it was great. I enlisted in the US Marine Corps and completed my 4 year degree for free under the tuitition assistance program. I did not use my MGI Bill and now I have an extra $40,000 to use for graduate school. Also, on active duty I received valuable work experience in conjunction with my degree. I am not a recuiter and I am not saying this is the best course for all. My mother was poor and I did not want to follow the same steps. I also needed time to decide want I wanted to do and did not want to do that at a University with a tuition. I am now 24 with no college debt and money to go to graduate school. I have been reading your post since I seen it mentioned on CNN. I am on your train Brad! Best of luck to you and your family. You are having a baby in October and I am getting married in October. Congrats!

]]>