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Private College Student Loan
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Private College Student Loan

The cost of education is tremendous now days. I came out of college owing only a small amount on a loan from the University of Utah Financial Aid Office. I had the GI Bill for some of the time and I always worked part time jobs. My wife also worked.

Then Came Our First Son

My wife had our first son and he had major surgery the day after he was born. I left school and got a job in an industrial supply house. After a few days my department head at the University asked why I wasn’t in school. I told him and he told me to get back up there. So I explained to the company and they kindly wished me luck.

My department head sent me to the financial aid office, they were expecting me, they gave me a check for $1200.00 and I was back in business. I missed two weeks of school.

I’m not sure where the university got the money for my loan. It was not a private student loan. Usually a private student loan is a loan given to you by your parents which you never pay back. However, such loans are given out by individuals and foundations.

At Iowa State University

When I was a college professor I was on the engineering scholarship committee. I traveled around the country and got scholarships for the students in our department from companies. Rather than getting a private or federal loan, a student might go to his department head to see what scholarships are available. I at times contribute to engineering scholarships at the University of Utah. The advantage of a scholarship is that you don’t ever have to pay it back.

Then Came Federal Loans

Federal insured loans are pretty easy to get. They take forever to pay back. Since scholarships and private student loans are hard to come by, it might be better to find work at the college or university you are attending. My children or spouse all generated huge loan amounts from the government and foundations. Only my daughter spent less than eight years in college. Her spouse was in medical school at Southern Cal, a very expensive college. My two oldest sons were in med school and my third son was a Purdue in the veterinarian school. My youngest son, who is still paying through the nose, was in law school at Valparaiso, Indiana.

Earning Part of Your Education Money

Some people work off campus on on campus to earn money for college but it means moving from one place to another wasting time and energy. It might be better to find work that you can perform on your computer.

You can learn Internet Marketing and then be able to do it on your own terms. You can plunk your laptop down anyplace at anytime. The Internet never closes so you can always reach your work. I suggest this over a private student loan because it is inexpensive to start, you can sell other peoples products, and you have the potential of earning a very good income that may be used to pay all of your college expenses.

I know a number of young people who made there living by marketing on the Internet. One young man earned over $500,000.00 but he is no doubt a genius and adapted quickly to making money on the Internet. Not all are able to do that but it may be worth investigating. It will cost you nothing to see the Open Education Project in action and you can study the tutorials and use the tools for ten days at no charge to you whatsoever.

If you are thinking about Internet marketing, then realize that it is a business and not a get rich scheme. You also have to stay away from the gurus who are your competition and will drain you dry. You can tell the gurus by the sob stories they use to entice you.

Like any activity that is new, there is a learning period. You should join a community of like minded people who are up to date on Internet Marketing. You will need some special training and resources as given at Wealthy Affiliatr. But that can be better than a private student loan.

Fly Old Glory!


Street Talk

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