Get this! It is estimated that student loan debt has climbed well over the 1.2 trillion dollar mark (yes that’s Trillion-with a T). Ten percent of students will exit college with at least 40 thousand dollars in debt. Think about that for a minute-40 thousand dollars in debt without ANY interest (and, trust me, you WILL have interest) will still take you over thirteen years to pay off if you somehow manage to pay $250.00 every month. That is a scary amount of debt.
That said, you do have options other than taking all of that out as loans. Some the easiest ways to save money you already know-get the best grades you can and apply for scholarships, and start out a two year community college to finish your general education courses.
You can also visit your credit union (take your parents, they will want to know about this too) and ask about college savings options. There are a number of accounts designed just for saving for college that will benefit you even if you only have a year of high school left.
Why wait? Go there now!
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