Comments on: Graduating College Debt Free Can be Life Changing

By: money market trader

money market trader — Fri, 27 Mar 2009 17:21:12 +0000

or move to west europe. tuition there is about 1,000 euro or pounds a year.

By: Adam @ Checkbook Diaries

Adam @ Checkbook Diaries — Thu, 12 Mar 2009 13:15:30 +0000

I actually just wrote an article about an alternate approach to funding your child’s education a few days ago. The premise is to explain an education as a good debt, make your child decide if they really want to go to school, make them apply and pay for the loan, and then repay them at a later date (but don’t tell them that is the plan). Facing the discomfort of debt can be a very valuable life lesson. It might prevent your child from getting out of school debt free and developing unhealthy spending habits that will end in bad consumer debt. This is an option that I plan to investigate for my children, luckily I have 18 years to do so.

By: Michael the Dumb Tech Geek

Michael the Dumb Tech Geek — Thu, 12 Mar 2009 12:44:34 +0000

I just graduated last year and am happy to say it was debt-free. I do find myself a little ahead of some of my peers in the financial department. I'm buying a new car for the first time in the next month. I'm living with the parents still, not just because it's financially wise, but because everyone (including them) said, "mooch off your parents for as long as they'll let you". I do also think good sense factors into it a lot. I have a friend that as soon as he paid off the debt for the short program of college courses he'd taken, he immediately transferred that allotted money to his discretionary fund. We can't make him see that WHEN his car breaks down, he'll really wish he hadn't spent $XX a month on video game systems and bigger televisions. Semper Frugalis is my family's motto. We don't use it to buy the cheapest stuff, but make sure we go in with as much knowledge about the decision we're making as possible. Michael the Dumb Tech Geek’s last blog post..Video Wednesday: Simon's Cat 'TV Dinner'

By: staci

staci — Tue, 10 Mar 2009 21:34:08 +0000

Thanks Jeff for the opportunity to share our story. I blogged about how to graduate debt free on noiwasntsleeping.blogspot.com. You should check it out. staci’s last blog post..How to Graduate Debt Free Part 1: Getting the Money

By: Craig

Craig — Tue, 10 Mar 2009 17:31:44 +0000

I am currently at a job based on location. I lived at home for a year, had no debt, and decided to move to another city where I had some friends at. Pay isn’t great but fine for now that I am younger and having fun.

By: the weakonomist

the weakonomist — Tue, 10 Mar 2009 13:57:11 +0000

I couldn’t agree more. My dad’s university (one of those presitgious types) pays for the in-state tuition of all their professor’s students. My parents were able to cover my room and board without any problems. My fiance’s parents have done well for themselves in life, and had a fund set up for her. We both graduate debt free. It allowed me to immediatly replace my aging car, which I paid off in less than a year. My cash flow is much higher than that of my friends because of this blessing.

But don’t think that student loans aren’t a good investment either readers. I think 90% of our population would benefit from a college degree, just go to an in-state school and finish in 4-years.