It’s a statistical fact. There is no surer way for the average person to achieve financial success than a college education. Aside from the personal developmental benefits, college opens doors, many doors that are just not available to non-grads. According to The Busy Adult’s Guide to Making College Happen, college graduates earn, on average, 72 percent more than High School graduates. 72 percent!
Please don’t get me wrong, there are a lot of wealthy, in fact obscenely wealthy, people who do not have a college degree. Bill Gates tops the list – current net worth, over $50 Billion! But banking on a mind-blowing, more money that Midas, personal net worth without a college degree is not smart, (if you learn nothing else from this article, know that 101MoneyTalk.com is all about being smart). This strategy is reminiscent of the annual trek to Hollywood that so many make, only to find they can’t get a job in acting. For every Julia Roberts, there are hundreds of thousands of actors who work the night shift. For every billionaire without a college degree there are . . . you get the point.
There is a difference between a desire to go to college and an ability to pay for college. Whether you are paying for college for your family of paying for college for yourself, it is expensive. So what options are available to the 101MoneyTalk.com user to finance a degree. It is not as complicated as one might think.
- Paying for college through loans;
- Paying for college through grants;
- Paying for college through work-study;
- Paying for college through military service; and
- Paying for college through savings and family contribution.
101MoneyTalk.com will examine each of these methods over time. Please come back often to see what we have posted for your review.