
Debt-Free Degree
Nearly 1 million students are currently in default – one goes into default every 28 seconds. The average college student will graduate $35,000 in debt and for nearly 1/5th of them, the bill will be $100,000 or more. Don’t be normal! You CAN go to college 100% debt free! Anthony ONeal, Author of “Debt Free Degree” is going to teach you how. Plus, CentsAble Bobbi discusses ways to think differently about money!
In This Episode
- Should you take a gap year?
- Thinking differently about money
- The long-term cost of student debt
- You can apply for scholarships in middle school!
- Do your research and plan – it can save you a ton!
- How extracurricular activities and grades impact financial aid
- The Six P’s: proper prior planning prevents poor performance
- School teachers, principals & firefighters can become millionaires!
- Research the pay associated with your dream job – it might surprise you!
- Removing the option of student loans allows us to see other opportunities
- The average borrower thinks they can pay off their student loan within 2 years of graduation
- The caliber of your financial future will be determined by the financial choices you make today
- Alternatives to student loans: community college, cash, trade schools, tech schools, work, scholarships, grants, 529 plans, ESA’s, church support
- Studies show that 12 years after graduation the average borrower still owes between 65% and 113% of the balance, plus interest.
- Studies show that the average kid who works 10-19 hours a week in high school & college performs better academically.
Links & Resources
- “Debt Free Degree” By Anthony ONeal
- Anthony ONeal’s Scholarships
- Anthony’s Scholarship Search Tool
- Michelin Scholarship
- More Scholarships
- College Calculators
- “Borrowed Future” podcast
- “Every Day Millionaires” by Chris Hogan
- 529 Plans
- 23 Companies that offer tuition reimbursement
- Uncoveredhc.com
- Undebt.it
- Podcast Episode “To Spend or Not to Spend”