Over the holidays, I was chatting with my sister-in-law, a financial advisor with a highly respected Fortune 100 financial services organization. We were talking about the value of a college education as weighed against the outrageously high cost to go to college these days.
She asked me to recommend a book or resource that she could offer to her clients that would help them navigate the whole topic of student loans, college educations, savings, scholarships, savings programs—everything in one, neat package that would also be easy to read and even easier to understand. Sadly, I couldn’t give her even one resource to consider.
But that was last fall, and this is now. I am very excited that now there is such a source—a brand new book, Beating the College Debt Trap: Getting a Degree Without Going Broke, by Alex Chediak.
I was hopeful when the publisher asked me to read the manuscript—hopeful that finally someone would nail this difficult topic, offering realistic solutions for ordinary people.
Once I got into the manuscript, I was doing the happy dance. Chediak spares no punches, coming at the subject both as a student and college professor. He knows his stuff. He dives right into the nitty-gritty of how to pay less for college, get meaningful work during college (while setting yourself up for success after college); how to pay off any loans quickly (he recommends never taking on more than a total of $10,000 in student debt, which I agree is reasonable); spend less, save more and stay out of debt for good. Honestly, reading this book is like hearing myself talking.
Written to both students and parents, this is a resource that answers the most pressing questions I get every day regarding financial aid, student loans; choosing the right school, selecting the right major and most of all graduating—all the while steering us away from the most deadly traps that trip up so many students these days.
If you’re worried that college may no longer be worth the cost (as so many parents and students are these days), let’s just put that worry to rest: Yes, it’s worth it—and it’s not even close. A four-year degree has possibly never been more valuable. But going headlong into debilitating debt is not worth it. The solution? Read this book. It is motivating, inspiring and an easy read.
Parents, give it to your kids. Kids, leave a copy on the kitchen table—maybe your parents will pick it up and learn something.
I am excited to let you know that Zondervan, the publisher of Beating the College Debt Trap, has furnished us with five copies to give away! To enter this giveaway, simply follow the prompts below.