A quality college education does not have to cost a lot of money. That’s the premise behind Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, orMooching off My Parents
by Zac Bissonnette.
Bissonnette, a college student at the University of Massachusetts and a personal finance expert, says he wrote the book for the 90-plus percent of families that find it difficult to pay tuition at a four-year private university. He writes:
I wrote this book because I’ve met, spoken with, and read e-mails from hundreds of families who are struggling with the burden of college costs – worrying about how they’ll pay for college without bankrupting their retirement or burdening their kids with massive debt loads.
One of the tips that stuck with me is a loophole for making a student eligible for more financial aid. Bissonnette suggests getting married before heading to college. Married students are considered independent from their parents, and assuming the newlyweds earn next to nothing, they will be awarded more money if they submit a Free Application for Federal Aid (FAFSA).
Bissonnette debunks the nine myths of college that he blames for the attitude people have about paying for college, backed up by research. Two myths are that student loans are a good form of debt and that the name of the school on a student’s diploma will have a strong impact on his or her career success.
In the chapter “How Your Child Can Save Money While He’s in College,” Bissonnette gives practical advice to save money on textbooks and warns about the dangers of getting credit cards for young adults. The 281-page book has an easy-to-read section on the do’s and don’ts of paying for college and a recommended reading list.
If you would like to win my review copy of “DEBT-FREE U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching Off My Parents,” leave a comment by Monday, August 23, 2010 at 9 a.m. PST, telling us about your future college student. If you’re a student tell us about your college experience. If you can’t wait to get a copy, you can pre-order the book on Amazon for $10.80. The book will be released August 31, 2010.
Buying a copy through Amazon supports BargainBabe.com.