Nicholas: 'College expenses include much more than tuition' - FOX34 Lubbock

Nicholas: 'College expenses include much more than tuition'

Some financiers say student loan debt may be the next big bubble. Forbes reports more than 44 million Americans owe more than one and a half trillion dollars in it. Lola Coppage is the assistant director for Learn Inc., a non profit dedicated to helping financially deprived students pursue higher education. She says colleges try to do their part in making their experience affordable. 

"Colleges that you are interested in have people on campus who love to sit and speak with parents to talk about ways the family can afford college," Collage said. 

Jeff Nicholas, a financial adviser, says if you're one of the millions in serious debt, don't panic. 

"The only way to eat an apple is to take one bite at a time," Nicholas said. "Look at your debt the same way and incrementally get it gone and chisel away at it to get rid of it."

He says before you start school, it's important to make sure your debt is proportionate to your career path.

"Someone who is going into a $50,000 a year paying job shouldn't come out of college with $100,000 in school debt. That's not responsible," Nicholas said.

Learn Inc. helps start with career searching. While your dream school may be out of your budget, there are worthy alternatives. 

"Yes, your daughter may have a desire to go to a $40,000 college but she can get the same degree attending a different school for a significantly lower price," Coppage said.

Coppage recommends College for all Texans, a site that tells you the grants and loans you may be qualified.


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