Be Free from the Burden of College Debt!

CollegeDebt

By Kelly Negvesky

According to known author and teacher John Taylor Gatto, man was designed to be a producer, not a consumer. In today’s society, even a college education is just another item to consume. Not only is much of a student's time between high school and adulthood eaten up, but massive amounts of their future income as well through the standard practice of borrowing to finance their degree.

The Increasing Weight

For years debt levels have increased as student loans became labeled “good debt.” The logic being, a student who incurs debt to increase their learning capacity also increases their future earning capacity. Today’s students graduate with loans in excess of $19,000 which take on average 10 years to repay.

Life On Hold

This debt eats away the student’s disposable income, often putting life after college on hold while they stabilize themselves financially. Tiffany, a student at Los Angeles City College has $40,000 in student loans. She posted at Student Debt Alert, “Why do I think students should not graduate with so much debt? Because after graduation everyone is so excited and ready to get out there in the workforce, but they have to pay their debt and they can’t settle down like they might like to.”

A Paradox

Student Debt Alert, an online organization designed to gather students to help educate them of the financial pitfalls, offers an online Student Debt Yearbook where students can voice their opinions on the financial situation they currently find themselves. Debora, a student enrolled at the Art Institute of Fort Lauderdale, has $32,000 in loans. She posted, “Going to college should be a breakthrough not a burden. [I] was compelled to go to college to brighten my future because my parents were less fortunate. To graduate with so much debt and be in poverty is a paradox in itself.”

Two Thirds!

The Bureau of Labor Statistics estimates that two-thirds of all four-year graduates financed their degrees. In 2002 they estimated that we would see a 22 percent increase in this practice for the next ten years. As more blue collar jobs get shipped overseas, and the economic times get tougher, the need for a degree will become more relevant.

Time and Money

While the standard brick and mortar college carries hefty fees for tuition, room and board, many families are unaware that Distance Learning offers another option to achieving higher education. Earning a degree online, away from the classroom, saves a student time and money.

A Popular Trend

In a recent study by Sloan Consortium more than 2,500 colleges and universities found a 17 percent increase in online enrollment. In the fall of ’08 at least one in four students were taking one online course and those numbers are on the rise.

Money Talks

Through CollegePlus!, students can earn a bachelor’s degree from start to finish for just $14 dollars a day, saving them as much as $25,000. With over 25 degree majors, they can receive their diploma from a regionally accredited institution, awarding the student a degree of equal value to that of a traditional school, often at a fraction of the cost and with little to no debt. With their degree in hand, a CollegePlus! student can immediately activate themselves in society and become that producer.

Win a CollegePlus! scholarship worth $2699. Click here to find out how!

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Shawn Cohen

Kelly Negvesky lives in Orlando, loves her husband of 13 years and educates their 3 children at home. She recently graduated from CollegePlus! and earned her BA in Humanities from Thomas Edison State College.

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