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Money in a jar for a college fund. Photo courtesy of Shutterstock.

Posted February 23, 2017 by

17 strategies that can help you graduate from college debt free

 

College is expensive. And student loan debt is on the rise. While many believe the only way to graduate from college debt free is by receiving an academic or athletic scholarship, there are actually several strategies one can implement to graduate from college debt free – or with much less debt than the average college student graduates with – which is just over $30,000.

It’s not easy and it could make the path to graduation more challenging, but it can be done. It starts by planning in advance and digging deep to find ways to accomplish this goal.

“The days of going to college without any real pre-planning or self-evaluation are over,” says Bob LaBombard, retired CEO of GradStaff, a company that helps college students and recent college grads identify where there skills fit in the job force  “It’s just too costly and risky.”

Consider these facts: More than half of college students change their major at least once. Further, recent data shows that only about 56 percent of students entering college graduate within six years; almost half drop out.

“Clearly, lack of a clear-cut plan often causes students to waste time, precious tuition dollars and, ultimately, interest in completing a degree,” says LaBombard.

There are many strategies that can help college students cover the high costs of obtaining a college degree, and if done correctly, graduating debt free. We highlight those strategies here:

(more…)

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Posted February 21, 2017 by

10 employers that offer tuition assistance for part-time employees

 

It’s no secret that college tuition is expensive. And it’s no secret that student loan debt is an issue because of this. In fact, nearly seven in 10 seniors who graduated from public and nonprofit colleges in 2015 had student loan debt, with an average of $30,100 per borrower, according to the Institute for College Access & Success.

But there are surefire ways to lessen student debt load, while gaining valuable job skills and experience at the same time. (more…)

Posted December 22, 2014 by

5 Reasons Why Graduate School is Worth the Effort

Young graduates standing in front of university building on graduation day

Young graduates standing in front of university building on graduation day. Photo courtesy of Shutterstock.

Earning a degree is almost a necessity in today’s technology-filled world. But, is just earning a bachelor’s degree sufficient? Some say no and feel a master’s degree is necessary while others feel graduate school is a waste of time and money. Here are five reasons why graduate school may just be worth the effort. (more…)

Posted March 02, 2012 by

Must Interns Be Paid?

Stephen Colbert testifying before Congressional committee on Super PAC financingWhether an employer must pay an intern for their work depends on the experience they will receive. Although the Fair Labor Standards Act requires employers to pay at least the minimum wage to employees, the U.S. Department of Labor (DOL) has developed six criteria for identifying which learners/trainees may be unpaid. Note that the DOL’s use of “learner/trainee” is equivalent to the commonly used term of “intern.”

The six criteria are: (more…)