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Even the rich need to avoid college debt

While listening to a podcast recently, I heard an interesting thing. What we would probably call a rich person chose a less-prestigious school so that she could avoid borrowing money.

The person is Supreme Court Justice Amy Coney Barrett. She indicated in a speech that she chose Notre Dame Law School over Harvard or Yale (where all the other justices attended). Notre Dame gave her a full tuition scholarship. She said she chose Notre Dame to avoid having to work for a big law firm just to pay off her school debt. She is now making over $250,000 a year and can choose what to do with that income rather than just making school debt payments with most of it.

Just a side note, I’m guessing that the person who offered her the full-tuition scholarship feels pretty good now that Notre Dame has a law school graduate on the Supreme Court. If it were me, I’d be ecstatic.

I’d also choose to attend a less well-known school if I could do so without debt. I cover a lot of ways to avoid college debt in my book, “Say No! To College Debt.” Check it out at https://saynotocollegedebt.com/buy-the-book/.

Thanks for reading, and please pass this on to anyone you know who could use it. And may God bless your efforts to achieve financial freedom as it leads to spiritual freedom.

#SayNoToCollegeDebt, #CollegeLoans, #StudentLoans, #CollegeDebt, NotreDame,

Podcast link: https://wng.org/podcasts/the-world-and-everything-in-it-july-25-2022-1658724057

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