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(Publishing-NewsWire.com, April 07, 2015 ) Houston, TX -- When my wife told me that she didnít have any student loan debt and neither did her two brothers, I could scarcely believe it! After listening to her story, I wish that I knew this information 10 years ago. I encouraged her to write this book to help others to think differently about funding their college education. Here are some interesting facts on student debt:
Student debt is tougher to discharge in bankruptcy: If you fall on hard times after you graduate from that expensive college, your credit card and mortgage debt can be discharged through bankruptcy. However, this doesnít apply to student debt; in most cases, youíll still have to pay off all your student loans. Even when you die, your next of kin inherits your student loans. Is this the legacy you want to leave your kids?
Student debt is increasing, while wages have decreased: When I picked a college, I didnít care about how much student debt I ended up with. I thought that once I got my education, Iíd just pay off all my student loans from my mega-salary. The fact is that since 2000, education costs at 4-year universities have increased by 69%, while average wages have decreased by about 10%.
Itís only going to get worse: According to the credit firm Experian, over 40 million Americans hold some form of student debt. To put this in perspective, this number is larger than the entire population of Canada, and more than 200 other countries. In 2013 Congress passed a law which pegged student loan interest rates to the 10 year Treasury note. While each student loanís interest rate will remain fixed once established, the Treasury note and therefore the student loan interest rates have been rising, especially with the improving economy.
ďHOW TO SCORE A DEBT-FREE COLLEGE EDUCATIONĒ will show you several strategies to fund your education, while avoiding the pitfall that student debt has become. The first step is to read the book, now available on Amazon, in order to appreciate different ways to think about financing your education. The second step is to look into the various solutions also provided by Enoh Financial Group:
Online Training: This has a combination of free webinars and training programs for those who want to fund their education without taking on student debt. It also provides a forum to discuss various education-related topics and answer specific questions on the college planning process.
1-on-1 Coaching: Enoh Financial Group has teamed up with The Heartland Institute for Financial Education (HIFE), to provide a complete 1-on-1 coaching solution for families. This is the perfect solution for those who want expert advice throughout the entire college planning process. After a free consultation, each coach will work with the student and their family to ensure that they maximize their grants, scholarships, and financial aid for their higher education. HIFE consultants have helped high school seniors receive about $7,000,000 in scholarships and grants and additional $5,500,000 in savings between September 2012 and February 2014.
To order your own copy of "How To Score A Debt-Free College Education" from Amazon, go to http://amzn.com/1502561921.
Enoh Financial Group
Mbei Enoh, CEO