Nine Myths of College


There are a lot of myths and misconceptions about going to school – here are nine as taken from “Debt Free U”:

  1. It’s important for parents to do what they can to help pay for their kids educational expenses, even if it means taking out a loan.
  2. Scholarships and financial aid will alleviate the burden of spiraling college costs.
  3. It’s unreasonable to expect students to be major sources of financing for their educational expenses while they’re in college.
  4. Student loans are a good form of debt: leverage. My child will be able to pay them off out of his future earnings. Student loans are unfortunate, but they won’t have a serious negative impact on his life.
  5. The name of the school on my child’s diploma will have a strong impact on her career and life prospects. The better the college she goes to, the more doors she’ll have open to her.
  6. “Thrifty” approaches to education like community college will have an adverse effect on my child’s life. You get what you pay for.
  7. The most important thing when it comes to selecting a college is finding a good fit.
  8. Guidance counselors, admissions officers, campus tours, and anecdotes from former students are great sources of advice and wisdom on the college application and financing process.
  9. The quality of the education my child receives will be largely a factor of the college he attends. Guides like US News & World Report’s “America’s Best Colleges” are valuable resources in evaluating possibilities.

SOURCE:   “Debt Free U: How I paid for an outstanding college education without loans, scholarships, or mooching off my parents.” By Zac Bissonnette

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