The Ten-Step Guide to College Financial Aid By Zachary Freeman

A Tornado Will Eat You: Don’t Let Student Loans Defeat You

Article by Zachary Freeman

As I sit here in Starbucks preparing to be eaten and digested by a super-tornado, I was reminded of that old phrase, “its the calm before the storm”.  Deep.  Anyway, somehow my mind came to the conclusion that tornadoes – and perhaps hurricanes – are like student loans.

Student Loans are like that beautiful period of sunny and perfect weather that comes right before a massive storm destroys everything in sight.  You think to yourself, “oh this storm won’t be that bad”, and then – BAM! – You find yourself a mile in the sky waving at the passing cows.

Just to be clear, there are many dangers in student loans, but these are perhaps the worst.

  1. Student loans aren’t free.  In fact, they are the opposite of free.  Student loans are dangerous because you are spending money that you don’t have.  It feels free, until you have to pay it back.  It’s the same sensation as using a credit card for all of your purchases and then having to use your entire paycheck to pay it off.  Ouch!
  2. Student loans stay with you.  Student loans are one of the only types of debt that is not erased during bankruptcy.  If you are one of those folks who thought you could go to Harvard and pull a fast one, think again.
  3. Student loans are unnecessary.  Billions of dollars is available in financial aid every year.  You just need to know where to look; a free education is coming your way if you do it right and pick an affordable school.  Check out my book, Free Money Please (, for tips on where to find free money and how to improve your chances at winning scholarships.

As you watch out your window today as trees snap in half and lighting strikes the cat, remember that student loans are no good and free money is the best money.

Zachary Freeman is the author of Free Money Please!: The Ten-Step Guide to College Financial Aid.  He will be available for limited speaking engagements starting in August of 2011.  Please contact for more information.


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