Did you know that the student loan people garnish retirees’ Social Security checks? Money borrowed today for tuition, fees, books, and supplies can cost students up to 15 percent of income for tomorrow’s healthcare, medicine, home repairs, and bucket list vacations (Department of Education’s Strengthening the Student Loan System to Better Protect All Borrowers).
Momma, Daddy, Mema, and Granddaddy face this reality, too. One of my relatives took out a student loan to buy a car when she was in college. Her father co-signed the loan. That car is long gone, but the debt remains. She defaulted on the loan. Every month, 15 percent of her 72-year-old dad’s Social Security check is siphoned from his household.
ACTION ITEMS
- Carefully plan your high school coursework like my student did who graduated from college at 20 years of age. Watch her tell her story.
- Put in the work: Read Dominique’s story about winning scholarships.
- Colleges pay students for competitive SAT and ACT scores. Where do you or your students stand academically? Complete the Scholar ReadyNESS Assessment and schedule a complimentary 30 minute conversation with Jennifer.
Make someone’s day. Share this newsletter with folks who want to learn more about the college-bound journey.
Subscribe to ScholarSpot today. Text SCHOLARS (in all caps) to 22828.
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