Consolidate Private Student Loans

Consolidate Private Student Loans

Thinking before you get into Students Loans

Consolidate Private Student Loans

I read an interesting article today about how much student loans (in the USA) were costing currently. It’s amazing that the average student loan debt burden now stands at $45,000 at graduation!

So with the extremely high unemployment rates for graduates and those in their twenties the prospect of paying off these loans with high paid jobs is rather low!

So what would be the alternatives to becoming a student? What about:

• In the initial phase, go to work to learn a trade or indeed to get some skills? Earning money whilst learning.

• Taking courses on non-traditional education (say) courses on investing hosted by professionals (those that have done it) rather than professors? Or skills like computer programming and web design – all costing so much less. Rather than spending 4 years wondering what you want to do, getting into debt and taking lessons you will probably never use, figure out what you want to do and take specific classes that will help you in the future at a fraction of the cost.

• If you have to spend $45,000 to get a degree just to work in a supermarket, why not skip the debt, get a job at Tescos or Wal Mart, save some money and begin investing! Find a class in finances, learn all you can and become an entrepreneur now without debt!

• Why not start a business? Some of the most successful business entrepreneurs never went to college, or dropped out. They decided that rather putting their talent and energy in other people’s pockets, they could use them for their own goals. If you have a good idea why not go with it now?

• Find out what your real passion is and pursue it.

All of these would involve new thinking and effort – are you the sort of person prepared to do it? Effort directed into something that you really want to do will seem much easier than effort of “going through the motions.”