According to Experian data, student loan debt has reached an all-time high. It’s over $1.4 trillion dollars as of Q1 2019 and has become one of the largest financial burdens in the United States.
Students who take out student loans are forced to use their salary to make repayments instead of saving and investing money. Additionally, student loan debt can trap your pockets for 10, 20, 30, or 40+ years if you don’t have a plan for paying off your debt.
This means that a four- or five-year educational experience can turn into decades of debt if you don’t have a plan to minimize your student loan liabilities.
But there is good news! You don’t have to join the debt party. You can take advantage of scholarships, profitable money-making opportunities, and a strategic plan that will allow your college education to turn into an asset instead of a long-term liability.
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If you or someone you know is on a mission to graduate debt-free, here are 3 steps to get you started:
1. Position Yourself to Graduate Early
The longer it takes for you to get your degree, the more money it
