The #1 Reason to Avoid College Debt

Freedom. It’s the #1 reason to avoid College Debt. And it’s a very good reason. When you are 18 years old it’s hard to see beyond the next big challenge in your path. After all, a four-year degree is the only path to success, right? Most college bound teens are willing to pay any price to get it.

Do you remember the scene from Braveheart, where William Wallace gives the famous speech to his Scottish Warriors? He asks the question, “What will you do without freedom?” It’s a very good question. Those warriors were willing to sacrifice their very lives for freedom.

The passion to live without debt requires a similar determination. It’s a determination that refuses to take the normal path to pay for an education. It’s a kind of grit that motivates you to work harder now so that you can live a life of freedom later.

Here are some of the benefits that are yours if you are free of College Debt:

You have Control over More of Your Decisions

You can choose to take a lower paying job that is more rewarding. You aren’t necessarily locked into working multiple jobs or pursuing the highest paying gig.

It can be discouraging to a college graduate when they discover that it is very hard to serve their church or community because they are forced to work longer hours. It reduces their ability to make a difference.

You have Greater Mobility

It’s easier to travel. It’s easier to live where you want to live. When your student loan statements start showing up in 6 months after graduation your energy is spent on your obligation not your location.

I also remember telling my parents for years that I couldn’t come visit when I really wanted to. Getting out of debt kept me from going where I wanted to go. It affected my quality of life.

You have Control over More of Your Money

There is nothing more discouraging than getting your paycheck and realizing that none of it can be spent on anything interesting, let alone fun. The freedom that comes from having zero college debt makes this easier.

I know a college age couple right now that are not only saving to pay cash for their first home, but are researching ways to creatively leverage their savings. One idea they have is to buy and sell used cars. This is done every day by savvy investors and entrepreneurs. It is possible when you have control over more of your money.

It’s Easier to Start Long-Term Investing

You should see the eyes light up on Junior High students when they see the power of compound interest. Knowing that a million dollars doesn’t take many years to save when you start early and are consistent.  The reality is that when we are adults and have money to invest, we don’t do it. One of the major reasons is that our money is not free to invest. It is tied up paying off college loans.

These are just an overview of the benefits of being free of college debt. Freedom is the #1 reason to avoid college debt. It takes hard work, creativity and a willingness to take the road less traveled. It’s worth every sacrifice!

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About The Author

Duane Rockensock

Duane (Rocky) Rockensock is a husband, a dad, and the National Reconditioning Manager for AmeriGas Propane. Since he was a teenager, Duane has loved hearing the stories of how people have started creative businesses or found ways to use their talents to accomplish amazing things. For that reason he started this blog to encourage teens and adults to find their purpose and to provide the tools and resources to make that happen!