The Importance Of Paying Debt

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The average college graduate in 2015 will graduate with a little over thirty five thousand dollars in debt from college. That is a very large amount to owe when you’re supposed to be starting your life and buying a house and starting a family. At that point in my life there is a possibility that I won 't have a career yet, which means I will be making a minimal amount of money, if any at all. It would be insanely hard to pay off debt while I had many other things I was focusing on that required money as well. Also, there is a good chance that you will end up paying more than thirty five thousand dollars or whatever amount you owed because of interest. The longer it takes you to pay off your student loans or financial debt, the more you will end up paying by the time it’s all said and done. There’s nothing wrong with graduating with debt, because hopefully that means you got a somewhat decent education. Which directly means that you will …show more content…
Personally, the three ways I plan to pay for college would be by applying as many scholarships as I can, by using the Hathaway Scholarship to my advantage, and I will more than likely graduate with some amount of …show more content…
Many of them are saddled up with debt and are forced to make complex financial decisions. Some colleges now channel freshman through personal finance seminars in which students learn how to budget, how to understand loan terminology, and how to avoid common financial pitfalls. Because college is getting closer and closer, I am forced to think about the financial challenges that I may face while attending college. Personally, the three ways I plan to pay for college would be by applying as many scholarships as I can, by using the Hathaway Scholarship to my advantage, and I will more than likely graduate with some amount of

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