Let’s Talk MONEY – or How an Athletic Scholarship can help
April 20th, 2009 - byBeware of incurring too many student loans. As this NY Times article relates:
“Perhaps seduced by the idea of graduating from a well-respected university, many students tend to overlook the consequences of graduating with debts that are likely to far exceed their starting salaries. And as many borrowers have learned, student loans are among the most ironclad debts, on par with child support, alimony and overdue taxes. They stick with you no matter what.”
The interest rates are not favorable and you cannot declare bankruptcy because of them. What parent would put this kind of burden on their child? Particularly if that child is a student-athlete who could play at the collegiate level. Is your child good enough to earn an athletic scholarship? Here’s another money quote from the same article:
“You often hear the quote that you can’t put a price on ignorance,” said Ezra Kazee, who has $29,000 in student debt and has been unable to find a job since graduating from Winona State University in Minnesota last May. “But with the way higher education is going, ignorance is looking more and more affordable every day.”
Don’t go the student loan route. Find out if your child is good enough to play at the next level.
June 11th, 2009 at 11:29 pm
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