Stock Investing 101

Paying for college is relatively easy, you can take out student loans, you can beg your parents to pitch in, you can chase elusive scholarships and grants, however paying for college without going broke can be next to impossible. Here are a few tips to help you out:

• The best and easiest way to save money on college is to go to an affordable college. College is almost a necessity, but you should never have to pay more than 15-20 thousand a year for college, and even that is pushing it. Vanderbilt is a great school, but is it really worth 40 thousand dollars when you can get a good education for 10 grand a year?
• Student debt coming out of college is alright, in small doses. 10-20 grand is manageable, you should be able to pay that off within 2 years if you are dedicated enough, however you should never eclipse 40 grand unless you are going to med school or law school. 50 grand in student loans will evaporate pretty quickly when you are making 120 grand right out of school as a pharmacist, however it is not that easy for everyone.
• Talk to your school’s financial aid department. They might not be able to give you much direct help, but their job is to ensure students set themselves up well financially after graduation. They will give you personalized tips and advice.
• Look for colleges that are not only reasonable in price, but also rank well as far as amount of debt the average graduate has upon graduating.