Debt-Free U: How I Paid for an Outstanding College Education without Loans, Scholarships, or Mooching off My Parents
This book can save you more than $100,000.\ These days, most people assume you need to pay a boatload of money for a quality college education. As a result, students and their parents are willing to go into years of debt and potentially sabotage their entire financial futures just to get a fancy name on their diploma.\ But Zac Bissonnette is walking proof that this assumption is not only false, but dangerous-a class con game designed to rip you off and doom your student to a post-graduation...
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This book can save you over $100,000 These days, most people assume you need to pay a boatload of money for a quality college education. As a result, students and their parents are willing to go into years of debt and potentially sabotage their entire financial futures just to get a fancy name on their diploma. But Zac Bissonnette is walking proof that this assumption is not only false, but dangerous-a class con game designed to rip you off and doom your student to a post-graduation life of near poverty . From his unique double perspective-he's a personal finance expert (at Daily Finance) AND a current senior at the University of Massachusetts-Zac figured out how to get an outstanding education at a public college, without bankrupting his parents or taking on massive loans. Armed with his personal knowledge, the latest data, and smart analysis, Zac takes on the sacred cows of the higher education establishment. He reveals why a lot of the conventional wisdom about choosing and financing college is not only wrong but hazardous to you and your child's financial future. You'll discover, for instance, that: • Student loans are NOT a necessary evil. Ordinary middle class families can- and must-find ways to avoid them, even without scholarships. • College "rankings" are useless-designed to sell magazines and generate hype. If you trust one of the major guides when picking a college, you face a potential financial disaster. • The elite graduate programs accept lots of people with non-elite bachelors degrees. So do America's most selective employers. The name on a diploma ultimately won't help your child have a more successful career or earn more money. Zac can prove every one of those bold assertions - and more. No matter what your current financial situation, he has a simple message for parents: "RELAX! Your kid will be able to get a champagne education on a beer budget!" The Washington Post If the National Association for College Admissions Counseling had anticipated the dire consequences of one of the smartest teenagers in America encountering the ill-examined assumptions of their profession, they might have found some way to buy him off, maybe a full ride scholarship to Harvard. Too late. Bissonnette is 21 now, a senior at the University of Massachusetts. He has written the best and most troubling book ever about the college admissions process. -- (Jay Mathews)
Foreword Andrew Tobias ixAcknowledgments xiIntroduction The Four People You Meet When You Apply to College, and the Lies They Tell 1Chapter 1 How Much Can You Afford, and Where Will You Get the Money? 19Chapter 2 Student Loans and Stagnant Wages: A Dangerous Cocktail for Future Graduates 61Chapter 3 Does It Really Matter Where You Go to College? The Solution to the College Funding Nightmare 98Chapter 4 How to Make Any College an Ivy League College 149Chapter 5 Why Large Public Universities Are Better Than Private Colleges 173Chapter 6 The Community College Solution 194Chapter 7 Make Money, Prepare for a Career 212Chapter 8 How Your Child Can Save Money While He's in College 236Chapter 9 Invest in College-Town Real Estate 251Chapter 10 It's Not Just a Personal Finance issue: How to Solve the College Crisis 259Conclusion 267The Dos and Don'ts of Paying for College 271Recommended Reading 273Notes 277Index 281
\ The Washington Post“If the National Association for College Admissions Counseling had anticipated the dire consequences of one of the smartest teenagers in America encountering the ill-examined assumptions of their profession, they might have found some way to buy him off, maybe a full ride scholarship to Harvard. Too late. Bissonnette is 21 now, a senior at the University of Massachusetts. He has written the best and most troubling book ever about the college admissions process.” -- (Jay Mathews)\ \
