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Choosing an Affordable College Can Eliminate Student Debt

Nov 24, 2021

High school seniors are now filling out college applications.  Some students have the college of their dream in sight. Others will have to make a tough choice about which college they will attend.

So, how should families wade through emotional connections to certain colleges and make a decision that is rooted in logic?


Parents, take advantage of this huge opportunity to increase college savings with free cash from Uncle Sam!

The government is now sending eligible parents cash each month. This free money can supercharge a child’s college savings nest egg and reduce future student loan debt. As MyCollegeCorner likes to say: “Saving a dollar today is better than borrowing one tomorrow®"


Before buying expensive goods such as cars and homes, consumers have a very good idea of the purchase price and how they will pay for it. So why isn’t this true when it comes to buying a college education?

Four years of college can easily cost more than a car or even a home.  But too many consumers of education do not know how much it might cost before making the purchase.





Savage Money Host George Grombacher presses John Hupalo on saving & planning for college in CV-19 world.  What’s changed? Is getting into college still the goal?  Does it really pay to save rather borrow for college? What’s 529 Day? How does family fear and risk profile affect saving and selecting colleges?




There are many types of bank accounts that students will find useful in the coming years. We’ve already discussed savings plans specifically for college in another article, so this is an overview of some other basic financial accounts. Keep in mind, most of these accounts are Government-insured, meaning the first $250,000 of an individual’s total deposits are protected against a bank/credit union failure through the FDIC (Federal Deposit Insurance Corporation) for banks or NCUA (National Credit Union Administration) for credit unions.