Making Informed Decisions For Your Future Success

Student Loans

Debunking Common Myths

Debunking Common Myths

• Pedigree does not pay

Debunking Common Myths

• Pedigree does not pay• Your journey does not have to be linear

Debunking Common Myths

• Pedigree does not pay• Your journey does not have to be linear• Taking longer can work to your advantage

Debunking Common Myths

• Pedigree does not pay• Your journey does not have to be linear• Taking longer can work to your advantage• Experience is more valuable than education

How Will You Pay?

How Will You Pay?• Save money yourself

• Get a job• Sell something

How Will You Pay?• Save money yourself

• Get a job• Sell something

• Be DILLIGENT in pursuing scholarships and grants

How Will You Pay?• Save money yourself

• Get a job• Sell something

• Be DILLIGENT in pursuing scholarships and grants• Have a conversation with your family

• Be specific and make commitments to each other

How Will You Pay?• Save money yourself

• Get a job• Sell something

• Be DILLIGENT in pursuing scholarships and grants• Have a conversation with your family

• Be specific and make commitments to each other

• Student loans???

The Truth About Student Loans

The Truth About Student Loans

• Student loans are now normal

The Truth About Student Loans

• Student loans are now normal • Two-thirds (66%) of the class of 2011 held student loans upon graduation, and the average borrower owed $26,600* (This does not include loans that parents have taken)

* http://money.cnn.com/2012/10/18/pf/college/student-loan-debt/index.html

The Truth About Student Loans

• Student loans are now normal • Two-thirds (66%) of the class of 2011 held student loans upon graduation, and the average borrower owed $26,600* (This does not include loans that parents have taken)

•The money is not free• There are fees to get the loan• There is interest charged

* http://money.cnn.com/2012/10/18/pf/college/student-loan-debt/index.html

The Truth About Student Loans

• Student loans are now normal • Two-thirds (66%) of the class of 2011 held student loans upon graduation, and the average borrower owed $26,600* (This does not include loans that parents have taken)

•The money is not free• There are fees to get the loan• There is interest charged

• They are not dischargeable through bankruptcy

* http://money.cnn.com/2012/10/18/pf/college/student-loan-debt/index.html

The Truth About Student Loans

• Student loans are now normal • Two-thirds (66%) of the class of 2011 held student loans upon graduation, and the average borrower owed $26,600* (This does not include loans that parents have taken)

•The money is not free• There are fees to get the loan• There is interest charged

• They are not dischargeable through bankruptcy• They can be a burden that can inhibit you from achieving your dreams (Open Spreadsheet)

* http://money.cnn.com/2012/10/18/pf/college/student-loan-debt/index.html

Does it pay?Return On Investment

• Will you be able to make the payment?

Does it pay?Return On Investment

• Will you be able to make the payment?• Can you live with the payment?

Does it pay?Return On Investment

• Will you be able to make the payment?• Can you live with the payment?• How will the payment affect your life?

Does it pay?Return On Investment

• Will you be able to make the payment?• Can you live with the payment?• How will the payment affect your life?• Go to tab #2…

Does it pay?Return On Investment

Time Value of MoneyInvest Instead of Spend

• What if you were different?

Time Value of MoneyInvest Instead of Spend

• What if you were different?• What if you did not go into debt?

Time Value of MoneyInvest Instead of Spend

• What if you were different?• What if you did not go into debt?• What does it look like when compound interest works for you?

Time Value of MoneyInvest Instead of Spend

• What if you were different?• What if you did not go into debt?• What does it look like when compound interest works for you?• Go to tab #3…

Time Value of MoneyInvest Instead of Spend

C losing Thoughts…

“Have the most powerful force in the universe work for you not against you”

C losing Thoughts…

“Have the most powerful force in the universe work for you not against you”

C losing Thoughts…

“If you must take student loans, finance a mission, not an experience”