College cost are growing at a pretty rapid clip by over six percent a year in both public and private for your colleges. So how if college bound students and their parents has been dealing with this increase in tuition? These are their stories.
Daughter: Mommy, I figured out how I am going to pay for college.
Mom: I can’t wait to hear this.
Daughter: I am going to be a striper and I am going to be the best striper in this world has ever seen, and going to get into Yale. And I am going to pay for like that.
Mom: Yale is not going to take you.
Daughter: why not?
Mom: You’ll be stripper.
Daughter: So, they don’t can just discriminate me because on becoming a stripper.
Mom: Do you tend to advertise being a stripper?
Daughter: I mean, I think it is pretty cool profession.
Mom: Yes, it’s definitely up there on my top 10 list of on what I want my children to do. Why don’t you look into a bank loan?
Daughter: Like stripping is not good enough for earning.
Mom: No, I think a bank loan would be really the educated way to go. We have to really go through the information that your school gave us, so that we can see. I think there are several steps, excluding stripping that could help us. One is we look into the state funded universities. We will look into college loans that are given on government level. We will go to a bank and we will see what they have offer us even though I think that you will be in debt for the rest of your life with that.
In my research, I found out that there are several different types of private loans that we can access with different amounts of interest. We just have to go to various banks and research the information that is given to us. We can look for federal and as I said, there are many, many private banks with different possibilities or how about a scholarship?
Daughter: I don’t how to get any about it?
Mom: Well we could go look it up and maybe there is a scholarship for strippers, but I don’t think so.
Daughter: Did you know that there is a duck call scholarship. You make the best duck call, you can get a scholarship. Some working on the ducks call.
Mom: Yes, stripping duck call for circus. Yes, uniqueness might payoff.
Daughter: So, I can just put it on the credit card and you could just get points.
Mom: And maybe then I could take the cruise I’ve been wanting to take, to get away from you.. How does that sound.
It turns out that the most common method has been private loans, unfortunately taking out a private student loan is the most costly way to finance a college education, except for credit cards, but we hope none of you are putting your tuition bill on your credit card especially with 10% interest rate.
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