Ep 7: How to Pay For College Without Student Loans

Borrowed Future

Ramsey Network

News, Documentary, Business News, Society & Culture

4.8 • 6.5K Ratings

🗓️ 11 November 2019

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

No matter how much or how little money you have, it is possible to pay for college without student loans. And it all starts with changing your mindset. In this episode of Borrowed Future, you’ll hear from college guidance counselors as they explain how to find good, affordable schools and apply for the billions of dollars in unclaimed scholarships. You’ll also hear from Dave Ramsey, Mark Cuban, and Rachel Cruze explain how student loan debt can delay major life events like buying a home, having kids and retiring, and how this could eventually cause our current economic bubble to burst. BorrowedFuture.com http://bit.ly/2BwX2Mv “Debt Free Degree” Book http://bit.ly/31yOMXb Splash Financial http://bit.ly/2B9rX1b Have you been impacted by student loans, or have you received a debt-free degree? Send your story to [email protected] or call 629.235.0235 and leave a voicemail!

Transcript

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0:00.0	What have the conversations been like around college?
0:03.0	We want to do our part to be able to like guide her through that and not have her struggle as an adult, not of college.
0:11.0	How much do you have saved right now for your son's college?
0:15.0	Zero right now.
0:18.0	Okay now mom, how much have you saved up for their college?
0:21.0	Roughly about $78,000, not nearly enough, I have three daughters.
0:26.0	Have you saved anything for her college?
0:28.0	Just a little, not much, unfortunately.
0:31.0	Have you lived at home?
0:32.0	I am, yes.
0:33.0	So you're living at home and you're applying for scholarships and you're going to a community college.
0:38.0	Yes, I need to apply for more scholarships.
0:40.0	I'm having a really hard time actually sitting down and going through the scholarships and writing the essays and finding which scholarships are good for me that apply to my major and what I want to do.
0:51.0	What about money? Have you guys talked about money?
0:53.0	Yes.
0:54.0	What if those conversations been like?
0:56.0	Like I need to find scholarships and like keep my grades up to get more scholarships and stuff.
1:02.0	Dad, what are we thinking for college? How are we going to pay for this?
1:05.0	Ideally a combination of a 529 scholarships and if necessary working.
1:12.0	And how much have you guys saved for college so far?
1:14.0	$33,000.
1:15.0	You've saved up $33,000 for her?
	...

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