Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Plan Well So You Can Graduate From University Debt-Free
[Image: 160524172120-debt-free-fante-780x439.jpg]

Taylor Fante didn't get a scholarship, she didn't qualify for financial aid, and her parents aren't paying all her tuition. Yet, she's on track to graduate from Ohio State University without any debt.
Fante is working her way through college. She's a cocktail waitress and bartender on the weekends, and she makes enough in tips to pay the $10,000 annual tuition.
To hear Fante talk about it, you'd think it was easy. She still goes to school full-time, works at an unpaid internship, and although it does put some strain on her free time, she "definitely" still has a social life.
But Fante is an outlier. Nearly 70% of college grads will leave school with some student debt, according to The Institute for College Access and Success. The average amount for those who graduated in 2014 was $28,950.
And most full-time students cannot work their way through college, a report from UPenn's Institute for Research on Higher Education said. They'd have to work more than 35 hours a week to cover the cost of a public college, putting them at a higher risk for dropping out
The idea that they can pull it off is a "quaint notion from an earlier era," wrote researcher Joni Finney.
Fante does get some substantial financial support from her family. Her parents covered all her costs freshman year, and continue to pay for her $650 monthly rent. And her grandparents surprised her with money for one semester of tuition during her junior year.
But covering five out of eight semesters herself -- at $5,000 each -- plus her groceries and utility bills is nothing to scoff at.
Fante works at a hopping bar on campus where she puts in two nights a week, pulling in about $400 in tips each weekend. The gig is even more lucrative during the Buckeyes' football season when she'll work longer days, making as much as $1,000 between Friday and Saturday.
Not every college student can land such a well-paying job that doesn't interfere with their class schedule. And Fante's job in itself doesn't cover everything. She and two other middle-class students told CNNMoney t

Forum Jump:

Users browsing this thread: 1 Guest(s)