Are you making a mortgage-size college debt mistake?

T hese days you need a college degree.

In fact, it’s been said that a bachelor’s degree is the new high school diploma; most hiring managers won’t even call if you don’t have one.

So if you’ve been thinking about college, you’re making a smart decision.

But there’s a dark side to a college education.

A very dark side.

It’s called college debt. And it’s no joke.

Just as more and more people are attending college, the average personal debt most students incur is rising to staggering levels.

I was lucky. I came to the United States to go to college, and my parents paid for the costs.

That was until they couldn’t any longer!

I decided to stay and work hard for my degree.

I worked multiple jobs – including one at Wal-Mart – to cover costs.

That was a tough time in my life. I was so busy with school and working I didn’t have time for any fun in life. I had to turn down invitations to parties and dates because I had to work all the time!

I was so proud when I walked across that graduation stage and received my diploma. I had earned it!

And because I had worked so hard, I managed to do it debt-free!

But my friend Frank wasn’t so lucky.

Frank knew he wanted to go to college. He found it intellectually stimulating, and he loved every moment of it.

The trouble was, he didn’t really have a clear purpose other than learning for the sake of learning.

He was in Women’s Studies major, and in his third year, he had a rude awakening. He realized that his degree wouldn’t help him get a job.

Frank didn’t know what to do. So he decided to drop out for a while to recollect himself.

As soon as he did, the debt collectors greeted him with a bill for $142,000…for a degree he never received.

The pressure to pay off that debt was smothering him. Calls from loan companies and debt collectors insisted he get a job that could pay off that hefty bill, but without a useful degree, he couldn’t get such a job!

And federal laws now prevent using bankruptcy to protect yourself from college debt collections!

If that sounds scary, that’s because it is. And Frank’s story is becoming more and more common these days.

But there’s good news amid the grim.

You don’t have to be like Frank and 71 percent of college graduates, saddled with mounds of debt.

And neither do you have to be like me – working like a dog through college, never able to enjoy a moment of it.

There’s a better way.

With smart planning, you can get a 4, 6, or even 8-year college degree completely debt-free while still enjoying your life.

Who wants to get into too much college debt? Not you or your loved ones right?

To avoid too much college debt, take my free email course here