Financial Advice For College Students (Podcast)

by: SA For FAs

Summary

The Wall Street Journal recounts the story of a 37-year-old orthodontist whose loan debt exceeds $1 million; 100 others have loan balances in that area; millions have balances above $100,000.

Here's how you can go about paying as little for college as possible: First, define your goals. Maybe college isn't even an appropriate expenditure.

If it is appropriate, get a scholarship. If you can't get one, take that as a signal to start off in community college.

Finally, consider a low-cost online bachelor's, allowing you to more intensively target higher value graduate and professional degree programs.

The Wall Street Journal recently recounted the story of a 37-year-old orthodontist whose loan debt exceeds $1 million. This brief podcast (3:05) is aimed at getting as opposite a result as possible. The bottom line is that you should perform a cost-benefit analysis to ensure you get the most bang for the least buck - a perspective that can't be learned early enough given that one of the decisions with the biggest financial implications comes rather early in adult life.