Read e-book online Debt-Free U: How I Paid for an Outstanding College Education PDF

By Zac Bissonnette


In holding with the recent frugality, this school advisor, written through a senior attending the collage of Massachusetts, deals useful suggestion on the way to pay for school with no disposing of loans. Decidedly old-fashioned in technique, Bissonnette advocates that scholars should still undergo the brunt of procuring their educations by means of operating whereas in collage and through breaks. He additionally means that attending neighborhood university for 2 years prior to shifting to a four-year university or collage could cross a ways towards slicing charges. Systematically and amusingly debunking the choice standards utilized by U.S. information and global record and others to rank elite schools, Bissonnette is a robust recommend of attending budget friendly nation faculties. He makes gains approximately how debt from pupil loans frequently prevents fresh grads from beginning households or paying for houses. He additionally offers convincing learn that elite graduate courses and selective employers settle for many people who've attended nonelite faculties. even though the strictly dollars-and-cents method of larger schooling won't take a seat good with a few mom and dad, this can be a well timed consultant to a call that has vital monetary ramifications. --Joanne Wilkinson


"If the nationwide organization for school Admissions Counseling had expected the dire outcomes of 1 of the neatest young ones in the US encountering the ill-examined assumptions in their occupation, they could have chanced on a way to shop for him off, possibly a whole trip scholarship to Harvard. Too overdue. Bissonnette is 21 now, a senior on the collage of Massachusetts. He has written the easiest and such a lot troubling ebook ever concerning the collage admissions process."
-Jay Mathews, The Washington Post

"Let Zac Bissonnette assist you plan for college-where to move, what to review, and the way to pay for it-and you are going to end wealthy"
-David Bach no 1 New York Times bestselling writer of The automated Millionaire and Start overdue, end Rich

"In the recent economic climate, your university selection is important. Zac Bissonnette's Debt- loose U is the only e-book you must make this life-changing decision-- completely researched, clever, and humorous. Grade: A+."
-Ali Rogers, CBS Moneywatch. writer, Diary of a true property Rookie

"With Bissonnette, college-bound scholars and their mom and dad eventually have an impartial resource to aid make an informed determination approximately selecting and affording collage. let alone, his recommendation will help pocket tens if now not millions of greenbacks. have the desire to make a wise funding during this economic climate? purchase Debt-Free U."
-Farnoosh Torabi, monetary professional and writer of Psych your self Rich

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Read or Download Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching Off My Parents PDF

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Additional resources for Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching Off My Parents

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Of all the dirty tricks that financial aid offices play, this one irks me more than just about any other. If you are going to suggest that someone borrow $24,000 per year for four years, you should send a letter to that person. It is sneaky and unethical to send someone a letter suggesting that she try to convince another person to borrow up to $24,000 per year for four years. But home equity loans and federal PLUS loans are only a couple of bad ways to borrow money to pay for college. There are more!

That’s a rare, rare phone call, and NYU deserves a gold star for it. But remember, with an average debt load of $33,600 at NYU, many students graduate with hugely excessive quantities of student loans and receive no such phone call. Bottom line: looking to the financial aid office for advice on financing is, to use a metaphor coined by Warren Buffett, like asking a barber if you need a haircut. They will tell you how much they can offer you in grants and may direct you toward other sources of financing (sometimes with nefarious motives, as we’ll cover in Chapter 1), but you should never look to them for advice about how much you can afford to spend on college and never let a financial aid officer tell you that you can afford to take out a Parent PLUS loan (also in Chapter 1) or a home equity loan.

It’s also a good idea to involve your kids in this process of cost cutting for college, because young people should develop a respect for thrift as early in life as possible. Plus they might help keep you on track when you’re having a weak moment at the corner store. Does your college-bound high school student have younger siblings? Get them in on the college saving bandwagon! If you have the means, consider matching any money that your child puts aside for college by depositing the same amount into the account.

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