As a mother of seven children, I’ve worked hard to keep our
kids debt free, particularly when it comes to student loan debt, because we
know that one day they will have to pay back those loans
Not every student will graduate with debt-free, but there are
many who can.
In fact, the amount of student loan debt you have can actually
determine the following aspects of your life after you graduate:
Employment – the
type of job you have the freedom to accept because of your debt.
Transportation –
the kind of car you can afford to drive after making student loan payments.
Housing – whether
you have to live in an apartment with several roomies or whether you have
enough funds after debt payments to live alone.
For example, our daughter Bethany just graduated with a BA in
the area of electronic media. She searched for a job in Chicago all summer and
took work as a nanny in order to make rent.
At the end of the summer, a dream job opened up in England
where she would get to live overseas for a year and travel all over Europe at
the company’s expense as part of her work.
She is loving life on a creative arts team and using her
major in the area of social media while seeing castles, cathedrals, historic
sites and experiencing other cultures.
Because the job doesn’t pay much beyond travel and living
expenses, the only reason she could accept this incredible opportunity was
because she has no student loan debt.
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