Thursday, August 9, 2012

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Fox 25 Morning News Talks with ACCC (American Consumer Credit Counseling) About Student Debt in 2012

There was a time when going to college, building a career, getting married, starting a family, and retiring by age 65 was the general plan many high school students followed after graduation, but in the year 2012 this plan may not be logical or realistic.  The video below shows an interview by the Fox 25 Morning News with ACCC (American Consumer Credit Counseling) education team lead and trainer Matt Paradise about the current state of student debt from both school loans and credit cards . . .

Boston News, Weather, Sports | FOX 25 | MyFoxBoston

It seems that university-bound students can no longer rely on getting a job in their field after graduating college (or even graduate school for that matter).  According to Paradise, high school students and their families need to have a back-up plan for paying off student loans in case their college graduate cannot secure employment in this competitive job market.  It is my belief that such families may also want to keep an open mind about alternative plans other than entering college right from high school, such as working for a few years to save tuition money or attending college classes virtually.  I shudder to think what our family will be facing financially when it comes time for our three children to enter college, especially with twins and their brother being only 3 years older.  There will be one year when all three children will be attending college simultaneously.

NOTE:  My apologies, but comments have been closed for this post because of the enormous amount of spam comments it has been receiving.  Sorry for the inconvenience.