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Saturday, September 13, 2008

No Debt College Tuition Options

In the aftermath of the credit crunch and with student loan defaults on the rise, many lenders, including major institutions like Sallie Mae, are becoming increasingly cautious. Certain student loans are now being viewed as risky investments. Students with poor credit scores may likely experience a cut back or even be restricted from receiving a loan. What is the average student to do about the costs of tuition?

Never has it made more sense to be able to have a recurring income stream that can be achieved from your laptop, desktop, and or your cell or I phone. College students are already inundated with massive homework and study sessions, and those who work themselves through school are incredibly sleep deprived and quite possibly, forced into an extra semester or two due to time constraints because of a 20 or 30 hour work week on top of their class schedule.

Although much of society views this as just a part of college life, it doesn't have to be that way. The current generation of "go-getters" are so technology savvy, that it only makes one wonder why its taking so long to get, that doing business via the internet is not only profitable, but doesn't require much more than a high school education and very little capital, to be successful at it. This doesn't diminish the fact that a college education is important, it just brings light to the fact that one can be financially stable as they gain their degree. The alternative has our young adults beginning their career with a degree in one hand and a note of debt in the other, having a good portion of their ensuing paychecks from their first "real job" going out to repay that debt for the next 10 years or so. This also causes one to wonder how they will ever be able to save for a family and retirement.

Choosing to work an internet business in lieu of a student-loan or part-time job also allows time for the joy of being a college student. Instead of spending any free time they might have at the local restaurant waiting on tables, they can take those hours and whittle them down to 2 or 3 hours per day working their internet business and use the rest of their time enjoying college life or catching some z's and possibly even raising their grade average because they've alleviated the stress of how they're going to pay for next semester.

Stepping out of the box does require a few things. RESEARCH to find the internet business that will work best for you, RESOLVE to withstand those who will inevitably laugh at your unconventional thinking, STRONG CHARACTER to do what you said you would do, WORK ETHIC because every job requires it, PERSEVERANCE due to occasional set backs and GOOD MENTORSHIP, to be a great brain surgeon, one would want to be mentored by a great brain surgeon. It is one of life's truest principles that we become like those with whom we associate.

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