 |
| Source: bit.ly/1rGoRWV |
Are you prepping for community college even when tuition fees are rising constantly? If you are, then you need to be ready to take the burden of a hefty
student debt. But is there any way for you to avoid crippling student loans and yet earn a degree? Yes...there is. Read on....
Nowadays it has almost become mandatory to take loans in order to pursue college education as tuition fees have become excessively high lately. But do you
think it is worth it? Studies show that the average debt of college graduates in America is around $25,000. As rules and restrictions regarding education
loans become more stringent, this average is expected to rise further.
Do You Have to Bear the Load of Debt to Get a Qualification?
 |
| Source: bit.ly/UlI3xb |
Here are Some Facts....
Most students who went to community colleges end up defaulting on their student loans after completing their graduation. What is more surprising is that
around 70 per cent of students borrow below $6,000, yet they are unable to pay off their debts. However, failure to repay even such minute amounts may be
due to low graduation rates to some extent. Andrew Kelly of Forbes writes, “Unfortunately, less debt does not equal fewer defaults...And default’s
consequences, like wage garnishment and severe credit damage, can hurt borrowers even more than a bloated loan balance.” (Source: bit.ly/1A10TKG)
Studies also revealed that around 58 percent of young-adult families in the US have below $10,000 in education related debt; whereas about 7 per cent of
similar American families have more than $50,000 in student debts. Most of these graduates usually have a hard time in getting employed and repaying the
debts. A recent research conducted by the Brookings Institution on student debts from the early 1990s to 2010 reveals that “among households with some
college but no bachelor’s degree, the incidence of debt increased from 11 to 41%.”
What is the Solution then?
If you are set on going to college, then you can apply for federal financial aid for students. These can help you to manage your student loan and repayment
modes to some extent. However, if you want to completely avoid being burdened by debt, then your best option is to study online. By studying a Level 5 undergraduate diploma online, you will be able to save heaps of cash as these programmes are much more affordable than community
colleges or public 4 year schools.
Is Online Education the Answer?
 |
| Source: bit.ly/1mznGm |
Yes. Online colleges offer several accredited online undergraduate and postgraduate courses at really affordable rates so that you do not have to lumber
with debt in your future. Moreover, online programmes can help to save and earn money as well. Here’s how-
Convenience
Online programmes offer you high levels of convenience as you can study directly from your home or workplace. As you don’t need to physically go to the
campus, you can save money on conveyance and other living expenses.
Flexibility
As online programmes are highly flexible, you can study at anytime you want by accessing the content online. This provides you the opportunity the work
while you study and gain experience and earn money from your full time job.
Variety
If you apply for a Level 5 undergraduate diploma online programme, you will have the option to choose from a variety of courses that match
your interests, skills and work experience. Hence you will be able to advance your career with your education and knowledge.
Go Online for Debt Free Education
As going for a community college will saddle you with student debt for years to come, it is undoubtedly a great idea to pursue an online programme to earn
a debt-free recognised degree/diploma. You can clearly see the benefits you will get from going online. All you need to do is think about what exactly you
want and which option is most suitable for you.
We would love to know what you think about student debts and how online learning can be helpful. Feel free to share your views.
No comments:
Post a Comment