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I’m a mom of 5. We are making a lot of sacrifices as a family to keep them out of debt as they get older.

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Back in 2007, I could tell that the costs of a college education would be astronomical going forward. I earned every scholarship I could, didn’t own a cellphone, rode the bus, and worked full or part-time jobs almost the whole time.

It was rough. I escaped with $8,750 in student loan debt and considered myself lucky.

Like many parents, we’re trying to help our kids avoid debt and put them on a strong financial path.

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