🗣College can be an expensive mistake if you are not careful!
Yeah I said it! And I am not taking it back either!!!!
Let’s be clear, debt is not a rite of passage and can be completely unavoidable if we just take a moment to plan. Daddy Warbucks isn’t coming to save us so we have to stop with the wishful thinking and start getting real.
🤔Did you know:
The average college student can take anywhere from 4-6 years to graduate? That means 4-6 years of tuition, fees, food, supplies, deposits, emergency funds, etc. Very few people highlight this in their presentations so it’s important to me that you know what you are really up against.
Right now student debt is hovering around $1.72 trillion dollars and get this… only 43.2 million people have contributed to this number. Crazy right? That means a lot of these folks are out here struggling instead of thriving like so many have promised but this does not have to be your story!
🤷🏾♀️So, how can you game plan to avoid a debt-filled future?
Well first, it starts with positioning. Having a solid portfolio and student profile (track record of good grades, test scores, and involvement) can increase marketability and make it possible to achieve more scholarship opportunities (even in college). Free money is always a blessing but you can’t get it if you don’t qualify!
Next is creating a smart list of colleges that considers the costs, pros, and cons of each choice. Finances should be included in the decision-making process! If your family will be at a disadvantage financially then the plan needs to be revamped. Check all other available options that won’t break the bank. There are plenty of them out there.
Last but not least, you MUST create a savings plan to ensure that you are able to meet the costs associated over time. Financial aid doesn’t always cover everything and college is much more than just tuition and fees. Create the plan and work it. You got this!
👉Before you go, check out this video I found on BuzzFeed. Hopefully, Brittany’s very real and common experience can help you understand why it is so important to be proactive with your planning efforts. Watch it and let me know what you think.
Need help setting up your financial strategy? Check out my mini-course Financing College 101 for tips, tricks, and strategies to lower your college costs and find additional funding. Get it here 🔗
Learn more about Mizz P.’s offerings here: www.mizzp.nyc