EP: 62 Topic Money: Navigating the student debt Crisis Smarter

No More Excuses. Wake Up!

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29d ago 7:34

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No More Excuses. Wake Up! — Planning for College Without Drowning in Debt

Episode Summary

In this episode of No More Excuses. Wake Up! Student loan debt in America has exploded to $1.5 trillion, impacting over 45 million borrowers—more than the entire population of Canada. In this episode, we break down why this crisis is reshaping the future of an entire generation and, more importantly, what families can do right now to avoid becoming part of the statistics.

We discuss the hidden costs of college, why the financial conversation should start as early as middle school, and practical strategies to earn college credits early, save thousands through community colleges, and make smarter school choices. From understanding Parent PLUS Loans to using 529 plans and alternative savings accounts, we explore real solutions that can protect your family’s financial future.

What You’ll Learn in This Episode:

The true scope of America’s student loan crisis.
Why college planning should start by 8th grade.
How community college and public universities can save tens of thousands.
The risks of Parent PLUS Loans and how they can follow you for life.
How to leverage 529 plans and brokerage accounts for flexibility.
The hidden expenses beyond tuition—and how to prepare for them.
Practical alternatives like working part-time, starting at community college, or setting realistic budget limits.

Key Takeaways:

College is an investment, but not all investments guarantee a return—be strategic.
Saving early and using cost-cutting strategies can help students graduate without crippling debt.
Families need to make informed decisions, not emotional ones.

Connect with Stenell Myers

Website: StenellMyersEnterprises.com – Explore my agencies, the Money Therapy Institute, and download your free budget spreadsheet.
Email: [email protected]
Social Media: @StenellTheMoneyTherapist
Tampa Bay Realtor – Helping you get the home you need, when you need it.

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