Persuasive Speech: Free Life Without Student Loan Debt

A. Attention Getter: Daniel, my cousin a biomedical Engineering major at the Rowan University in Glassboro, New Jersey realized something was amiss when he could not register for his second year of college in September 2011. His father, who promised to pay all his college fees started struggling financially after his first year and could not come through with about $24, 510 of college fees. He made a call to the financial aid office for help and that call will put him in debt of over $70,000 in student loan debt after he graduated 3 years later!
B. Central Idea: it is possible to graduate college without student loan debt or a very minimal debt.
C. Justification Statement: having a debt free life after college is a dream come true many people

In fact, the average class of 2016 graduate has $37,172 in student loan debt up six percent from last year” and many graduates will leave school with large debt that will consume 10% or more of their monthly salary. More so, graduates have to deal with the ridiculously high interest rate that won’t go away even if you file bankruptcy. This in turn also hinders you from accomplishing other financial goals like starting a family, getting a mortgage and leaving you very little money at the end of the month for everyday spending let alone retirement

Apply for grants and scholarships because they don’t have to be paid back. There are many scholarships that only require you to write an essay or complete a task and not by merits alone. (I have some websites where you can apply for scholarships……. Grants can be applied for at the school you attend) Chose an affordable school, especially community colleges where you can study the first two years of college. It is also advisable to also work part time and live at home. If you take up employment, you can take advantage of the Employer reimbursement programs where your employer pays up to 50% percent of your college fees. If you join the military they pay your college fees as well. Work study program is an excellent way where you can work in your career field and still get paid. That way you are gaining experience and studying. Crowdfunding is another way to raise money through an online platform, e.g. gofundme.com you sign up and tell them the reason you are raising money, if it is genuine people will