Likewise, if your kids go to college, one of the biggest obstacles between them and their dreams is college tuition.
Right now, our kids collectively owe over $1 trillion in student loans. I think that’s enough 1’s and 0’s to program a NASA space rover.
According to the Project on Student Debt, the average student owes about $30,000. Minnesota students rank 5th in the nation for the highest average student loan balance.
$30,000 is bad enough. But when you add in the cost of graduate school or professional school the total amount of student loan debt skyrockets. In a previous post, I wrote about a student whose total debt from the University of MN College of Veterinary Medicine will exceed $300,000! While that is an extreme example, the “U” quotes an average student loan debt of $180,000 or more for many of their professional schools. Dentists graduate with an average debt load of almost $250,000!
Fun & Fab Financial Aid Feb
For that reason, I am dedicating the month of February to helping parents and students pay less for college.
Blog posts, Tweets, and LinkedIn updates during the month of February will focus on this topic. I am calling it the “Fun & Fabulous Financial Aid February” event. Like any good event, this one will include free promotions, discounts and even prizes. Heck, some weeks I might even do more than one blog post on this topic.
Pay Less for College
To kick things off, I am going to provide my eBook, Pay Less for College, free every Friday in February. Can’t wait until Friday? No problem, download it from Amazon.com for $2.99 right now.
If you think this financial aid content is fantastic, fabulous or just plain phenomenal, please share it with others in your network.
If you are on my e-mail database (and if you are reading this, you probably are) you will also get an invitation to sign up for Lynn O’Shaughnessy’s online college planning course for parents. I have taken her course for professionals, and it’s top notch. I recommend it for anyone who wants to become a smarter shopper of a college education.
I don’t receive a kick back or compensation of any type from Lynn. I just really believe in her material and think she’s a great resource.
When you sign up for her course, mention that you were referred by Mike Branch and you will qualify for a $50 discount bringing the cost of her course down to $200. But you have to tell her that I referred you and you have to do it before her class starts on February 10th.
If you don’t have college bound students in your family, don’t worry. I will return to my regular mix of content in March. In fact, March and April will be devoted primarily to IRAs and taxes.
And remember, if you have any questions, just Ask Mike.