Facing a ton of student loan debt obligations is quite the horror story that college graduates tell their young peers. Thankfully, some students who still have a few years to go before they set foot in college are taking heed of the warning. Together with their parents, they make an effort to plan ahead of time. Parents and college-bound kids can look into alternative solutions for college funding, such as merit-based scholarships, with the help of college funding specialists like John McDonough of the Studemont Group College Funding Solutions, LLC.
Unfortunately, only a few organizations offer full-tuition scholarships. This means that even if students get approved for a merit-based scholarship, they still have to get additional funding to cover the rest of the education costs. The bad news is, the most accessible option is a student loan.