Chapter 28: College Costs & Student Loans

My Name is Mary McLeod Bethune: Founder of Bethune-Cookman University

I was born in 1875 in Mayesville, South Carolina, the fifteenth of seventeen children. My parents had once been enslaved, and though freedom had come, opportunity was still scarce for people like us. We worked the fields, picked cotton, and scraped together what we could. But from the time I was a small girl, I was hungry for something beyond what my hands could pick—I wanted to learn.

When a missionary school opened nearby, I walked miles to attend. I was the only one in my family who could go, and each day I returned home to teach my brothers and sisters what I had learned. Education, to me, became light itself—something powerful enough to chase away generations of darkness.

Dreams DeniedI dreamed of going to Africa as a missionary, of studying in college, of learning all I could to serve others. But the doors of higher education were mostly closed to poor Black women in those days. There were schools for teachers and preachers, yes, but few for those with no means to pay. I worked hard and earned my way into Scotia Seminary in North Carolina and later tried to continue at the Moody Bible Institute in Chicago. Though I was allowed to study there, the opportunities afterward were not what I had hoped. The world simply was not ready to open its universities and pulpits fully to women like me.

Those denials hurt, but they also defined my purpose. If I could not go to the kind of college I dreamed of, then I would build one myself—one that would open doors for others who were shut out as I had been.

Building a School for the ForgottenWith only $1.50 in my pocket, I founded the Daytona Educational and Industrial Training School for Negro Girls in 1904. It was nothing more than a rented house with a few benches and broken chairs, but it was filled with hope. My first students learned not only reading and arithmetic, but pride, discipline, and faith. We sold sweet potato pies and used discarded furniture to keep the doors open.

As the years passed, our little school grew. We added dormitories, classrooms, and teachers. We taught young women not to be ashamed of work or ambition. Later, our school merged with the Cookman Institute for men and became Bethune-Cookman College, a university born from a dream denied but never forgotten.

Why I Built a UniversityI built my school because I knew what it meant to be told you were not good enough to learn. I had lived that rejection. I believed that every child, no matter the color of their skin or the balance of their parents’ purse, deserved a place to learn and grow. College, to me, was never just a building—it was a symbol of freedom.

Some people say college is not for everyone, and they are right. But opportunity should be. What a person does with that opportunity depends on their heart, their drive, and their willingness to serve others. I wanted to make sure that the choice to learn existed for those who had never been given it.

The Power of Education and Self-BeliefI never saw education as a ticket to wealth or comfort—it was a weapon against ignorance and despair. My work with the National Council of Negro Women, my time advising presidents, and my years leading my school all came from one simple truth: knowledge is power, and every human soul deserves access to it.

I did not build my life with college degrees; I built it with faith, perseverance, and purpose. I taught others that they were capable of greatness, not because of what hung on their wall, but because of what lived within their hearts.

The Real Purpose of College: Education or Employment? – Told by Bethune

When I speak to young people today about education, I ask them the same question I once asked myself: Why do you want to go to college? Too many students cannot answer that question clearly. They say, “Because everyone else is going,” or “Because it’s what you’re supposed to do after high school.” That, my dear students, is not purpose—that is pressure.

Education, in its truest form, is not a race or a trend. It is a calling. It should never be something we chase because the world tells us to. It must be something we seek because we are hungry to learn, to grow, and to serve. When you understand why you are pursuing an education, every challenge you face becomes meaningful. But if you go simply because others expect it, you may find yourself lost in debt, disillusionment, and disappointment.

College as a Means, Not an EndThere was a time when a college degree almost guaranteed success. Employers saw it as a mark of intelligence, commitment, and refinement. But times have changed. Today, the world looks for something far greater—creativity, resilience, and the ability to learn quickly. A diploma alone no longer ensures a future. What you do with that education matters far more than where it came from.

Some students graduate with fine degrees and yet cannot find work in their field. Others, without degrees, build businesses, write books, or serve their communities with remarkable success. The difference lies in how they apply what they know and whether they have the heart to continue learning beyond the classroom. College is not the finish line of your education—it is one of many possible paths on the road to wisdom.

The Pressure to ConformI have met many bright young minds who felt forced into college because their families, friends, or teachers told them they must go. They took on loans they could not afford, chose majors they did not love, and graduated not with purpose, but with debt and confusion. Society often teaches that college is the only respectable path to success, but that is not the truth.

Some of the greatest contributors to progress—builders, inventors, educators, and artists—learned through practice, passion, and persistence, not through a university gate. When we teach young people that college is the only way forward, we rob them of the freedom to discover their own gifts. Every path, whether through a university, a trade, or entrepreneurship, deserves respect if it is pursued with dedication and integrity.

Education as Transformation, Not TransactionWhen I built my school, I did not dream of creating a place that simply prepared people for jobs. I wanted to build minds and spirits strong enough to lift communities. Education, to me, was never about employment alone—it was about transformation. I wanted my students to see learning as a way to become better people, not just better earners.

If you go to college only to earn money, you will measure your success by your paycheck. But if you go to college to become wiser, kinder, and more capable of helping others, then every lesson, every struggle, and every sacrifice will be worthwhile. Real education is about discovering your purpose and using your knowledge to serve something greater than yourself.

Finding Purpose Before the PathBefore you decide whether to attend college, look inward. Ask yourself: What are my strengths? What do I want to contribute to the world? Do I need a degree to achieve that goal, or can I gain my knowledge through experience, training, or mentorship? There are many ways to learn, and the right path depends on who you are and what you are called to do.

If your heart is in medicine, teaching, or law, then college may be the right road. But if your talents lead you toward trades, arts, or entrepreneurship, there are other roads equally worthy of respect. Choose with wisdom, not fear. Do not let the world’s expectations make decisions that only you can live with.

The True Reward of LearningI believe the greatest education is one that teaches you how to think, not what to think. College can be a wonderful place for that, but so can life itself. Your purpose, not your diploma, determines your direction. The true reward of learning is not the degree—it is the growth of the soul.

Whether you study in a classroom or through the lessons of hard work, learn with intention. Seek not just employment, but enlightenment. Then, no matter what you choose—college or career—you will find yourself walking in purpose, not pressure. And that, my dear students, is the real purpose of education.

The True Cost of College: Beyond Tuition – Told by Mary McLeod Bethune

When people speak of the cost of college, they often name only one number—the tuition. But that figure, my dear students, is only the beginning. I have seen many young men and women chase their education with bright eyes, unaware of the quiet costs waiting beneath the surface. It is not enough to ask, “How much will college cost me this year?” You must ask, “What will it cost me in the long run?”

A college education, like all great investments, must be weighed carefully. Tuition may buy the lessons in a classroom, but the true expense includes every book you open, every meal you eat, every hour you are not earning money elsewhere, and every dollar borrowed that gathers interest while you study.

The Obvious and the Hidden CostsLet us first speak of the visible costs—the ones printed in brochures and listed on websites. There is tuition, of course, and then there are books and materials. A single textbook can cost as much as a week’s wages for a working student. Add to that the fees for laboratories, technology, and student activities, which are rarely optional. Then there is housing, whether in a dormitory or an apartment. Even those who live with family must often pay for transportation—gas, maintenance, and time lost on the road.

But beyond these visible costs lie others less often spoken of: the interest that builds on student loans, the lifestyle choices that expand when students try to “live like adults,” and the loss of years when one could have been gaining work experience or saving money. These hidden costs can quietly turn a promising education into a burden that follows a graduate for decades.

The Difference Between Sticker Price and Net PriceColleges often list a “sticker price,” a grand number that can frighten any family. Yet few students pay that full amount. Scholarships, grants, and aid can reduce the price significantly, creating what is called the “net price.” The danger, however, is assuming that because a school offers aid, it is affordable. Many students still borrow more than they can repay, or underestimate the extra costs of living, books, and personal expenses.

Before you choose a school, you must look carefully at what you will truly pay each year, not only in tuition but in all the small necessities that together make a great sum. You must also ask yourself what the degree is worth in your chosen field. Education is a noble pursuit, but it must also be a wise one.

The Cost of Borrowed MoneyIn my time, we did not have student loans as you know them today, but I understand the power and danger of debt. Borrowing for education may seem harmless at first—a few thousand here, a few thousand there—but interest is a quiet thief. It grows while you sleep and multiplies over years.

Imagine you borrow ten thousand dollars and must repay fifteen thousand or more because of interest. That is money you could have spent building a business, purchasing a home, or helping your family. When you borrow for college, you are borrowing from your future self. Be sure your future self can afford to pay it back.

The Price of Lost TimePerhaps the most hidden cost of all is the time you spend in college. Four years is a long season in life. During that time, a young person working in a trade or starting a business may already be earning and saving. They are gaining experience that will continue to grow in value. Meanwhile, the college student is paying for education while earning little or nothing.

This is called the opportunity cost—the income you lose while pursuing your degree. It does not mean college is not worthwhile, but it is a reminder that time itself carries value. Education should enrich your future, not delay it without reason.

The Weight of Lifestyle ChoicesThere is another quiet cost that too few students recognize—lifestyle inflation. When young people first live on their own, they often spend more freely: eating out, buying new clothes, traveling with friends, or upgrading devices. These small decisions, made again and again, can double the cost of college life. It is not the degree that grows expensive, but the lifestyle surrounding it.

I always told my students that discipline and purpose are the best scholarships of all. Those who live modestly and spend wisely during their studies will graduate freer and stronger than those who live beyond their means.

Learning to Count the True CostBefore you commit to any college, sit down with clear eyes and count every cost—tuition, housing, food, books, travel, and time. Add what you will borrow, and then add the years of repayment that follow. Ask yourself if the degree you seek will give you both the knowledge and the income to balance that debt.

Education is one of life’s greatest investments, but every investment must be made with wisdom. Choose your school as you would choose your path in life: not by how it looks on the surface, but by the fruit it will bear in the years to come.

Free and Low-Cost Ways to Get Ahead Before College – Told by Zack Edwards

When I was young, college seemed like a faraway dream. My family didn’t have the money for fancy universities or dorm rooms filled with new furniture. We struggled to make ends meet, and paying thousands of dollars a semester wasn’t something we could even imagine. I remember walking past college campuses thinking that education was a door only the wealthy could open. But over time, I learned that the system has more doors than people realize—you just have to find the right key.

Today, students have opportunities I never had. There are countless ways to earn college credits or even finish part of your degree before setting foot on a university campus. The best part? Many of them cost little or nothing. These programs can save you thousands of dollars and years of your life. I want you to know that being poor doesn’t mean you can’t get ahead—it just means you have to be strategic.

Dual Enrollment: Earning College Credit in High SchoolOne of the greatest opportunities available today is dual enrollment. In this program, high school students can take real college courses and earn both high school and college credit at the same time. Imagine graduating high school already partway through your freshman or even sophomore year of college.

These courses are often free or heavily discounted. Many schools partner with local community colleges or universities to make it happen. It means you can get a head start without adding to your future student debt. When I think back, if I’d had the chance to take dual enrollment, it could have saved me years of hard work later. If you have access to it, take it—it’s one of the smartest decisions a young student can make.

CLEP Exams: Proving What You Already KnowAnother powerful tool is the CLEP exam, or College-Level Examination Program. These tests allow you to earn college credit for what you already know. Let’s say you’re great at American History, Algebra, or English Literature—you can study, take a CLEP test, and earn college credits without ever stepping into a classroom.

Each exam usually costs less than $100, which is far cheaper than paying for a full college course. Many schools even offer free vouchers or reimburse the fee if you pass. That means you can shave off entire semesters of coursework with a few well-placed exams. It’s one of the most cost-effective ways to move ahead academically, especially for self-motivated learners.

AP Classes: High School with College-Level ChallengeAdvanced Placement (AP) classes are another great path. These are high school courses taught at the college level, and at the end of each class, you take an exam. Depending on your score, colleges may grant you credit or let you skip introductory courses.

I know some students hesitate because AP classes can be tough, but think about the reward: a few hours of studying now can save you hundreds or thousands of dollars later. Not only do these classes strengthen your transcript, but they also show colleges that you’re serious about your education. If I could go back, I’d take every AP class I could find.

Community College Transfer Programs: A Smarter First StepFor students who can’t afford a four-year university right away, community college can be a golden opportunity. You can complete your general education courses at a fraction of the cost, then transfer to a larger university later.

Many community colleges have direct transfer agreements with major universities. This means your credits automatically count toward your bachelor’s degree. It’s one of the best financial strategies a student can use. Why pay full university tuition for the same English 101 or Biology 101 you can take locally for a quarter of the price? Start small, save big, and transfer when you’re ready.

Online Certifications and Micro-CredentialsIn today’s world, education is not limited to classrooms. Many online platforms offer certifications from respected institutions—some even free. Websites like Coursera, edX, and Google Career Certificates let you gain real-world skills that employers value.

Fields like data analytics, digital marketing, coding, and project management offer certifications that can launch a career even before earning a degree. You can learn at your own pace, from home, while saving thousands compared to traditional college classes. When I was young, I had to rely on libraries and borrowed books; today, you have a global classroom at your fingertips.

Military Education Benefits: Serving While You LearnFor some, the military provides not just a way to serve their country but also to earn a fully funded education. The GI Bill, military scholarships, and training programs can pay for college, housing, and books. Many soldiers earn degrees while they serve, or go to school afterward with all expenses covered.

If you feel drawn to serve and want to build discipline, leadership, and education at the same time, the military can be a life-changing option. It’s a path that combines purpose with opportunity.

Cutting Time and Cost in HalfAll of these programs share one thing in common—they save you both time and money. If you take advantage of even two or three of them, you could enter college as a sophomore, graduate early, or even skip college debt entirely. The money you save can be used to start a business, invest, or buy your first home. The years you save can be spent building a career instead of paying off loans.

When I was too poor to attend a university, I had to learn things the hard way—through trial, error, and persistence. But today, you don’t have to wait. The tools exist to open the door to education early and affordably.

The Power of PreparationThe real secret to success before college is preparation. Those who plan early, take advantage of free resources, and think strategically about their education will always be ahead. You don’t have to wait until graduation to start building your future. You can begin right now, from your desk at home, from your high school classroom, or from your local community college.

I know what it feels like to think that money stands between you and your dreams. But I also know that knowledge doesn’t belong only to those who can afford it. If you’re willing to look for opportunities, study hard, and make wise decisions, you can climb higher and faster than anyone expects. Remember—college is not just about where you go, it’s about what you do with what you learn. And the earlier you start, the more freedom you’ll have when it’s time to decide where that learning will take you.

Scholarships, Grants, and Other Free Money – Told by Zack Edwards

When I was a teenager, I thought scholarships were something that only straight-A students or star athletes could win. I didn’t realize that there were thousands of opportunities out there for every kind of student—artists, leaders, volunteers, and even those who simply took the time to apply. I learned too late that free money for education isn’t just handed to the best—it’s earned by those who search, apply, and persist.

College can be expensive, but the truth is, there is more help available than most people ever use. Scholarships, grants, and work-study programs can open doors that money alone could never unlock. They are not loans that must be repaid; they are investments made in you. But to benefit from them, you must start early, stay organized, and never stop looking.

Understanding ScholarshipsA scholarship is money awarded to students based on merit—something you have achieved or shown potential in. It could be your grades, leadership skills, community service, artistic talent, or even a personal story that inspires others. Some scholarships are large and competitive, while others are small but add up quickly.

When I was in school, I wish I had known how many local scholarships existed—sponsored by banks, churches, civic clubs, and small businesses that simply wanted to help local students succeed. These often go unclaimed because students think the competition is too strong or they don’t know where to look. The truth is, many scholarships receive only a handful of applications. If you apply to several, your odds of success are much higher than you think.

Grants: Need-Based OpportunitiesWhile scholarships reward merit, grants are based on financial need. They are designed to help students who might not otherwise afford higher education. The most common in the United States is the federal Pell Grant, which can cover thousands of dollars each year for qualifying students. Many states, community organizations, and private foundations offer similar programs.

Unlike loans, grants never need to be repaid. They are gifts—offered because someone believes in your potential and wants to remove financial barriers. To apply, students must fill out the Free Application for Federal Student Aid, better known as the FAFSA. This form is the key to unlocking not just federal grants, but also institutional aid and scholarships tied to financial need.

Work-Study Programs: Earning While LearningFor students who need both experience and income, work-study programs are an ideal blend. These programs allow students to work part-time on or near campus, often in jobs related to their field of study. It’s not just about earning money—it’s about building responsibility, discipline, and professional skills while reducing your reliance on loans.

Work-study may not cover all your expenses, but it can lighten the load, keep you connected to your school community, and help you graduate with both experience and a résumé that stands out.

Start Early—Even in Middle SchoolMany students wait until their senior year to think about scholarships, but by then, they’ve already missed years of opportunities. There are scholarships and essay contests for middle school and early high school students. Winning just one can teach you valuable lessons about application writing and goal-setting—and it might even start your college fund early.

Parents and teachers can help by encouraging students to start small: local essay contests, art competitions, science fairs, or community awards. These early efforts can build confidence, create connections, and prepare students for larger scholarships later on.

Practical Tips That Make the DifferenceFinding scholarships and grants is only half the battle—winning them requires preparation. First, keep your grades as high as possible. GPA is often the first thing committees look at, not just for your intelligence, but for your consistency and effort. Second, build genuine relationships with teachers, mentors, and community leaders. Their recommendation letters can make your application stand out.

When applying, focus first on local opportunities. National scholarships receive thousands of applications, but local organizations often have just a few. A student who takes the time to write a thoughtful essay or explain their goals can easily earn several small awards that together make a big impact.

Persistence is key. Don’t get discouraged if you lose a few. I’ve met students who applied to 50 scholarships and won five—but those five paid for their entire first year of college. Each “no” brings you closer to the “yes” that matters.

The Hidden Benefits of ApplyingScholarships and grants are about more than money. They teach you how to tell your story, plan your future, and take initiative. Every essay you write makes you reflect on your goals and what matters most to you. Those skills—self-reflection, determination, communication—will serve you long after the money is spent.

Even if you don’t win every award, the process itself is an education. You learn to seek opportunity, present yourself with confidence, and take control of your own future. That’s something no one can take away from you.

Making Education Possible for EveryoneWhen I was too poor to attend a university, I believed that doors were closed because of money. But I now know that many of those doors were waiting to be opened by effort, not wealth. Scholarships, grants, and work-study programs exist to level the playing field—to make sure that any student willing to work for their dreams has the chance to chase them.

If you start early, stay persistent, and apply broadly, you can turn the cost of college into a challenge instead of a roadblock. You don’t need to be rich, famous, or perfect—you just need to be determined. The opportunities are out there, and they’re waiting for someone like you to take the first step.

Borrowing Wisely: How Student Loans Really Work – Told by Zack Edwards

I remember sitting in front of a financial aid officer as a young college student, staring at a stack of papers that promised to make my education possible. The numbers looked large, but the words that surrounded them made it sound so easy. “You won’t have to pay anything until after you graduate,” they said. At the time, that sounded like a gift. What I didn’t realize was that those papers were not free money—they were a promise I was making to my future self. A promise that would shape how I lived, what I could afford, and even how long it would take to reach financial freedom.

Most students sign those same papers without truly understanding what they mean. They see the dollar amount but not the years of repayment that come after. Student loans can help open doors, but they can also close others if not used wisely. Let’s take a closer look at how they really work.

Federal vs. Private LoansThe first thing every student needs to understand is that not all loans are the same. Federal loans are issued by the government. They often have lower interest rates, flexible repayment plans, and even options for forgiveness or deferment if you fall on hard times. These are the safest kind of loans for students who truly need help.

Private loans, on the other hand, come from banks or other lenders. They might sound appealing at first—especially if they offer more money or quick approval—but they often carry higher interest rates, stricter repayment terms, and fewer protections. Unlike federal loans, private loans can’t always be paused during hardship, and their interest rates can rise over time.

Whenever possible, take federal loans before considering private ones. They offer more security and flexibility, especially for students still learning how to manage their money.

Understanding Interest and How It GrowsInterest is the invisible cost that comes with every loan. It’s the lender’s way of charging you for borrowing their money. When you take out a loan, interest begins to build—sometimes immediately, sometimes after graduation. But it always grows.

Let’s say you borrow $30,000 for college. If your interest rate is 5%, that means your loan grows by about $1,500 every year until you begin making payments. If you take 10 years to repay, you could end up paying more than $38,000 total. Stretch it to 20 years, and that number could reach $47,000 or more—depending on how interest compounds.

That means the education you thought cost $30,000 actually cost you nearly half again as much. This is why it’s critical to borrow only what you need and to understand that every borrowed dollar has a hidden twin following behind it: the interest.

The Weight of Debt Over TimeDebt doesn’t just cost money—it costs opportunity. A student loan of $30,000 can mean years of postponed dreams: delaying buying a home, starting a business, or saving for retirement. Many people carry their student loans into their 30s or 40s, long after they’ve left the classroom.

To understand this better, imagine two graduates. One borrowed $30,000 and takes 15 years to pay it off, while the other borrowed nothing and invests $200 a month into a simple savings account. By the time the first student finishes paying, the second could have over $50,000 in savings. That’s the power of time—and how debt can quietly rob you of your financial future.

Income-Driven Repayment: A Lifeline for BorrowersIf you already have federal loans or plan to take them, know that there are options to help you manage repayment. Income-driven repayment plans adjust your monthly payments based on how much you earn. This can make payments more manageable when you’re starting out in a lower-paying job.

However, while these plans provide breathing room, they often extend the repayment period—meaning you could pay more interest over time. Some borrowers qualify for loan forgiveness after 20 or 25 years of steady payments under these programs. It’s not an easy path, but it’s one designed to prevent financial ruin for those who truly struggle.

Private loans rarely offer this kind of flexibility. That’s why understanding your loan type and repayment options before signing is so essential.

How Much Is Too Much?There’s a simple rule I tell every student: never borrow more than your expected first-year salary after graduation. If you expect to earn $40,000 a year, your total student debt should not exceed $40,000. Otherwise, you’ll find yourself working for your debt instead of for your dreams.

This guideline forces you to think about your degree as an investment. A loan for a degree that leads to a strong, stable career may pay off quickly. But borrowing heavily for a degree in a low-paying field can trap you in debt for decades. Education is priceless, but debt is not. You must measure both with wisdom.

Borrow Only What You NeedIt can be tempting to borrow extra for living expenses, travel, or new gadgets. But remember, every borrowed dollar will cost more later. Live simply while you’re in school. Find part-time work, apply for scholarships, and make frugal choices now so that your future self will thank you.

When I was young, I didn’t have access to financial guidance or education. I learned by trial and error—by watching others fall into debt they didn’t understand. That experience taught me that freedom doesn’t come from what you can buy; it comes from what you don’t owe.

The Choice That Defines Your FutureStudent loans can be powerful tools when used carefully. They can open doors to careers that might otherwise be closed. But they can also become anchors if used carelessly. Before you sign your name on any loan, read the terms, ask questions, and think about your future—not just the next four years.

If you must borrow, do so with purpose. Borrow the smallest amount possible, choose federal loans first, and plan your repayment before you even start your classes. Most importantly, remember that education is about more than money—it’s about building a life of wisdom, independence, and purpose.

Borrowing wisely doesn’t just protect your wallet—it protects your freedom. And in the end, freedom is worth far more than any degree.

My Name is Frank Lloyd Wright: Architect and Visionary of Learning

I was born in 1867 in the small town of Richland Center, Wisconsin. My family was not wealthy, and much of my early life was marked by simplicity and self-reliance. My mother, Anna, believed deeply in education and filled our home with books and pictures of cathedrals, hoping one day I would become an architect. My father was a preacher and musician who taught me to listen to the rhythm of the world around me—the wind, the trees, the movement of water. It was through them both that I learned early on that the truest lessons are not found in classrooms, but in observation.

School, however, was another story. I did not thrive in the rigid structures of traditional education. I found classrooms confining, lessons repetitive, and teachers uninterested in nurturing creativity. The system focused too much on memorization and obedience rather than discovery and imagination. It seemed to me that schools were building followers, not thinkers. That realization would later shape both my architectural philosophy and my ideas about how people—especially the young—should be taught.

Learning from Life, Not LecturesWhen I left home, I did not go to college. I had neither the means nor the patience for it. Instead, I apprenticed under the famous architect Louis Sullivan, a man whose creativity and faith in design as an art form inspired me deeply. From him, I learned the true value of mentorship and practical learning—lessons you cannot get from a book. I worked with my hands, sketched endlessly, and studied the natural world. I saw how light touched the land, how structure met purpose, and how function could blend with beauty.

I came to believe that education should be like architecture—built from the inside out. True learning begins when curiosity meets experience. It is not about memorizing formulas or following blueprints someone else has drawn; it is about understanding how things work and why they matter. Schools, I thought, should not teach obedience but independence—should not teach conformity but confidence.

Criticism of Traditional EducationI often spoke against the industrial model of education that took hold in the late nineteenth and early twentieth centuries. Schools had begun to resemble factories—rows of desks, identical lessons, standardized tests—all designed to produce uniformity rather than individuality. I believed such systems destroyed the spark of curiosity that every child is born with.

Children, like buildings, must be designed with their surroundings in mind. You cannot force every child to learn in the same way, just as you cannot force every structure to fit the same mold. Some children learn by doing, others by watching, others by questioning. A good education should honor those differences, not suppress them.

Architecture as EducationWhen I began designing schools and homes, I treated each as a lesson in learning. Every structure I built had to teach something—to inspire thought, harmony, and awareness. My concept of “organic architecture” was not just about buildings but about people. It was a philosophy of life that emphasized balance between humanity and nature, between individuality and community.

In 1932, I founded the Taliesin Fellowship, a place where young architects could live, learn, and work alongside me. It was not a school in the traditional sense; it was a living workshop. Students farmed the land, cooked their meals, and built their own structures. They learned design by building, not by sitting in a classroom. I wanted them to understand that architecture—and life—is about participation, not observation.

Changing How Students LearnMy belief was that students must learn through experience. You cannot truly understand a material until you touch it. You cannot appreciate design until you build something that stands—or falls—by your own hand. At Taliesin, mistakes were not failures; they were lessons. I encouraged experimentation and self-discipline, not because I wanted to create imitators of my style, but thinkers who would find their own.

In that environment, students began to see education differently. They learned that success does not come from following directions but from asking better questions. My criticism of traditional education was not rebellion for rebellion’s sake—it was conviction born from seeing how creativity dies when curiosity is stifled.

The Myth of “Everyone Needs a College Degree” – Told by Frank Lloyd Wright

For much of my life, I have watched society build its idea of success the same way a poor architect builds a house—with rigid walls, uniform rooms, and little imagination. The world has long been told that a college degree is the foundation upon which all success must rest. Parents, teachers, and politicians have repeated it for decades: “Go to college, or you’ll never make it.” But I’ve seen too many walls crumble under that false belief. Success, like architecture, is not about following someone else’s plan—it’s about creating your own.

When I look at the world today, I see a generation burdened with debt, disillusioned by broken promises, and still searching for work. Yet, just beyond the college gates, I also see another world—one filled with opportunity, innovation, and unfilled jobs that pay well, build communities, and value skill over paperwork. The myth that everyone must have a degree is not only outdated—it is dangerous.

A World Full of Work, But Short on WorkersLook at the numbers. Across the United States, there are millions of open positions in trades and technical industries—electricians, welders, plumbers, mechanics, coders, and builders. These jobs are the backbone of every city and every structure we inhabit. Yet, many go unfilled because we’ve convinced young people that working with their hands or mastering a trade is somehow lesser than sitting in a classroom.

Many of these careers pay anywhere from $60,000 to over $100,000 a year, often with lower training costs and far less debt. Skilled workers are in such demand that companies are offering apprenticeships, signing bonuses, and long-term benefits just to attract them. In my field of design and construction, we rely on these craftsmen—masons, carpenters, and engineers—whose expertise often comes not from universities, but from years of apprenticeship and passion. Without them, no architect’s dream could ever take form.

Redefining What “Success” Really MeansWe have allowed the world to define success too narrowly. For too long, we have measured a person’s worth by the number of degrees they hold rather than the contribution they make. A degree may open doors for some, but skill, creativity, and persistence will open many more.

When I began my work as an architect, I didn’t have a college degree. I had vision, courage, and a relentless desire to learn. I learned by doing—by studying the world around me, observing how nature designed itself, and how space could serve human life. I found that experience, not lectures, was the greatest teacher of all.

True success is not earned through conformity—it’s built through curiosity and courage. Some of the greatest innovators in history never graduated from college. They saw the world differently, and that difference became their advantage.

The Rise of Alternative EducationThe modern age has brought new ways to learn. Today, a student can take online courses, gain professional certifications, or train through apprenticeships that provide real-world experience and income at the same time. A young person can learn computer coding from home, study design software online, or master a trade through a local union—all without stepping foot in a traditional university.

These pathways are flexible, efficient, and relevant to the modern economy. They allow students to earn as they learn and to build careers free from crushing debt. In truth, many of these programs are better aligned with the needs of today’s industries than some university degrees that have not evolved with the times.

The Cost of Following the CrowdToo many students walk blindly into college because they are told they must, not because they have discovered what they want. They take on tens of thousands of dollars in debt for degrees that lead to uncertain careers. Meanwhile, opportunities in skilled labor and technology sit waiting—jobs that build our homes, power our cities, and shape the world around us.

Debt is not the price of success; it is often the barrier to it. A four-year degree is valuable when it is pursued with purpose, but wasteful when it is taken out of habit or pressure. A well-planned trade career, technical certification, or entrepreneurial pursuit can provide financial stability faster and with far less risk.

Success Built by Passion and SkillArchitecture has always been about balance—form and function, structure and space. Education is no different. A balanced society needs both scholars and craftsmen, thinkers and builders. We cannot all live in ivory towers; someone must design the towers, build them, and ensure they stand.

When I designed my buildings, I often drew inspiration from nature. Nature never produces two trees the same way, and yet each grows strong in its own direction. People are no different. Some will thrive in universities; others will flourish in workshops, studios, or labs. Forcing everyone into the same mold only limits what they could become.

Building Your Own PathSo, when someone tells you that you must have a college degree to succeed, remember this: the blueprint of your life is yours to design. You can learn from professors or from masters in the field, from books or from experience. What matters most is not where you study, but how you grow.

If you choose college, do it with purpose and understanding. But if you choose a trade, technology, or entrepreneurial path, do it with the same pride. The world needs every kind of mind and every kind of skill.

Trade Schools, Apprenticeships, and Certifications – Told by Frank Lloyd Wright

When I look back on my own education, I realize that the most valuable lessons I ever learned didn’t come from a lecture hall—they came from my hands, my eyes, and my failures. I built, I sketched, I observed. In every nail I drove and every line I drew, there was a lesson. The world itself became my classroom, and experience was my greatest professor. That is the essence of trade schools and apprenticeships today—learning by doing.

Many people believe the only way to a good career is through four years of university study, but the truth is, some of the most vital, creative, and high-paying professions are learned through skilled training. Trade schools and technical programs are where builders, problem-solvers, and innovators begin their journey. They don’t spend four years studying theory—they spend one or two mastering skill.

The Modern Trades: Foundations of Everyday LifeEvery structure I ever designed relied on the skill of others—electricians who wired light through darkness, plumbers who carried water where it was needed, and welders who fused strength into steel. Without them, no building could stand. These trades remain some of the most essential careers in the world, and yet too few people pursue them.

Training to become an electrician, HVAC technician, plumber, or welder usually takes between 6 and 24 months—far less time than a traditional college degree. Many programs cost less than one semester of university tuition. The reward? Stable jobs that pay $60,000 to over $100,000 a year and are always in demand. While many college graduates spend years paying off debt, skilled tradesmen and women are often buying their first homes or starting their own businesses.

Apprenticeships: Earning While LearningThe beauty of an apprenticeship is that it allows you to learn and earn at the same time. Instead of borrowing money for school, you work under experienced professionals who teach you their craft while paying you a wage. You gain real experience, professional mentorship, and income simultaneously.

In my own practice, I trained apprentices in design and construction. They learned not by watching me talk, but by working beside me, solving problems in real time. That kind of learning sinks deeper than anything you could find in a textbook. Today, many apprenticeships exist across industries—construction, manufacturing, technology, healthcare, and even renewable energy. Each provides a solid foundation for a lifetime of meaningful work.

Technology and the New TradesNot all trades are about hammers and steel anymore. In the modern world, a new generation of technical careers has emerged—coding bootcamps, cybersecurity programs, and artificial intelligence certifications. These short, focused courses can turn a student with no experience into a professional earning a strong salary in a matter of months.

Coding bootcamps, for instance, can take just 12 to 24 weeks to complete. Graduates often walk straight into jobs paying $70,000 or more per year. Cybersecurity specialists, who protect businesses and governments from digital threats, can train in a year or less and earn even more. AI and data analysis programs, now offered online by major universities and private institutes, are shaping the future of work. These are the new “craftsmen” of the digital age—builders of systems and protectors of information.

Medical and Real Estate Certifications: Fast Tracks to StabilitySome students find their path in healthcare or business through certification programs that open doors to stable and fulfilling careers. Medical technicians, radiology assistants, dental hygienists, and phlebotomists all complete their training in less than two years. These roles are vital to modern medicine, offering both strong pay and purpose.

Real estate licensing is another accessible path. In a matter of months, with study and testing, you can enter a field with unlimited earning potential. Many successful agents and brokers begin this way, building their careers through ambition, not degrees. These professions prove that success depends more on dedication and discipline than on the length of one’s schooling.

The Financial Blueprint: Cost and ReturnTrade schools and certification programs cost a fraction of a university degree. Where a bachelor’s program may cost $80,000 to $120,000, most trade or certification paths range from $5,000 to $25,000 total. Students often graduate debt-free and enter the workforce years ahead of their college-bound peers.

Consider two young adults, both 18 years old. One begins a trade program and is earning $60,000 by the age of 20. The other goes to college, graduates at 22, and starts repaying $50,000 in loans while earning roughly the same income. The difference in financial freedom and opportunity is enormous. The trade graduate can invest, buy property, or start a business years before the college graduate can even begin to catch up.

Changing the Perception of SuccessWe must stop teaching young people that working with their hands or pursuing a trade means settling for less. The world is built by those who take action, not only those who write theories. Whether you design a bridge, wire a city block, or program a computer system, you are shaping the world with your skill. That is success.

Education, in its truest form, is not about status—it’s about competence, creativity, and contribution. The trades, apprenticeships, and certifications of today give students the chance to master something real, something valuable, and something that makes a difference in daily life.

Designing Your Own PathAs an architect, I learned that every structure must begin with a clear plan. The same is true of your life. Don’t build according to someone else’s blueprint. Look at the materials you have—your interests, your strengths, your resources—and design something that fits you.

If college is not the right path, you have others. The trades, the new technologies, and the growing fields of certification-based careers all offer strong, fulfilling futures. You can learn quickly, work confidently, and live debt-free while doing work that matters.

The myth that only college leads to success has trapped too many minds. But the truth is simple: success belongs to those who build. Whether you build homes, machines, software, or health systems, your work shapes the world. And in that work, there is honor, stability, and a kind of success no diploma can measure.

My Name is Richard Warren Sears: Founder of Sears, Roebuck & Company

I was born in 1863 in Stewartville, Minnesota, to a simple farming family. My father worked hard, and we lived modestly, but we were rich in something far greater than money—determination. I didn’t grow up with luxuries or tutors, and there certainly wasn’t any talk of going off to college. For boys like me, our education came from the sweat of our work and the lessons life forced us to learn. When I was sixteen, I left home to make my own way, not because I didn’t want to study, but because my family needed me to earn a living.

Learning Through WorkI took whatever jobs I could find—first as a telegraph operator, then later as a railroad station agent in North Redwood, Minnesota. Those long days behind the telegraph key and the ticket counter became my classroom. Every train, every customer, every problem to solve taught me more than any college lecture ever could. I learned how to talk to people, how to keep records, and how to see opportunity in the small details that others overlooked.

One day, opportunity came disguised as a shipment of unwanted watches. A local jeweler refused to accept them, so I bought the lot myself and sold the watches to fellow station agents at a fair price. I made a tidy profit. That was the moment I realized something powerful: I didn’t need a college degree to recognize value, take risks, or build a business. I only needed to trust my instincts and work hard enough to make them pay off.

Building Sears, Roebuck & CompanyThat small venture in watches grew faster than I ever imagined. I moved to Chicago and founded my first mail-order business, which became Sears, Roebuck & Company. My goal was simple—to make quality goods affordable to people in rural America, people who were often ignored by big-city merchants. I published a catalog that offered everything from clothing to farm tools. Within a few years, our catalog became a household staple across the country. Farmers, teachers, miners, and mothers—all could order what they needed by mail.

We built a company that valued trust, fairness, and innovation. I didn’t need a degree to understand people or to recognize that good business depends on honesty and service. I employed others who knew more than I did about certain fields, and together we learned and adapted as the world changed. What mattered wasn’t where I studied—it was how willing I was to learn every day.

My Thoughts on College and SuccessI never looked down on education. Knowledge is one of life’s greatest treasures. But I have always believed that a degree on a wall is not what makes a person successful. I have met college graduates who couldn’t sell a single item and farmhands who could run a business with remarkable skill. A piece of paper doesn’t give you vision or character—those come from inside.

For me, success came from curiosity, hard work, and the courage to take chances. I studied people instead of textbooks, markets instead of theories, and I built something lasting because I was willing to keep learning the lessons that life taught me directly. College can open doors, but it’s the person who must have the will to walk through them.

A Legacy Beyond the ClassroomBy the time I passed away in 1914, Sears had become one of the largest retailers in America. We helped shape how people shopped and how families lived, not through lectures or degrees, but through vision and perseverance. My story isn’t meant to discourage learning—it’s meant to remind you that real education comes from effort, adaptability, and experience.

You can go to college or not. You can start poor or privileged. What matters most is what you do with what you have. I was a farm boy with no degree who sold watches to railroad men—and somehow, that small start became an empire. That’s proof enough for me that success begins not in the classroom, but in the heart and mind of the learner.

The Opportunity Cost of Delaying Your Career – Told by Richard Warren Sears

When I built my mail-order business, I learned something early: money can be replaced, but time cannot. Every year you wait to start earning, building, or investing is a year of growth lost forever. In my world, speed mattered. The first to act, to adapt, to serve the customer, was the one who succeeded. That same rule applies to your career. Starting early, even in a modest trade or entry-level job, can create financial advantages that many college graduates never recover from—especially those who delay their careers for long degrees and heavy debts.

Let’s look at two paths: the trade student who begins earning at 19, and the medical student who begins earning at 29, ten years later but burdened with over $200,000 in student debt. Both may work hard and live honorably, but the difference between them lies not just in their education, but in how they used their time.

Two Paths, Two BeginningsOur first example, the trade student, finishes training at 19—perhaps as an electrician, HVAC technician, or welder. They begin earning around $50,000 a year, and they decide to save and invest $5,000 annually. The second student, pursuing medicine, spends the next ten years in school and residency, borrowing money for tuition and living expenses. By 29, they start earning $120,000 a year—but must now repay $200,000 in student loans.

At first glance, the doctor’s future seems brighter. But money, like a snowball rolling down a hill, grows faster the longer it rolls. Those ten years of early income and investment for the trade worker make a tremendous difference over time.

The Power of Compound GrowthTo understand how much time truly costs, look at this comparison. Assume both invest their savings in a simple account earning 7% annual return—a modest average over a working lifetime.

Career Path	Age When They Start Working	Starting Annual Income	Annual Savings & Investment	Loan Debt	Total Savings by Age 60
Trade Student	19	$60,000	$5,000/year	$0	$1,050,000
Medical Graduate	29	$120,000	$10,000/year (after loan payments)	$200,000	$790,000

This simple chart tells a powerful story. Even though the doctor earns more, the trade worker’s head start allows their investments to grow for ten extra years—enough time for compound interest to work its quiet magic. The difference, nearly $260,000, shows how valuable time truly is.

The Cost of Lost TimeEvery year you delay working or saving, you lose the chance to earn interest on interest—to build wealth through consistency rather than effort alone. The doctor’s higher salary helps, yes, but those first ten years can never be regained. Debt and delayed income mean they must work longer to reach the same level of financial security.

This is not to say higher education is wrong—it’s simply a reminder that every path has a cost. For some, the investment in medicine, law, or research pays off richly in both income and purpose. But for many others, especially those unsure of their direction, the opportunity cost of waiting can quietly steal years of financial freedom.

Prestige vs. ProsperityOur society often praises prestige over practicality. Young people are told to chase titles and degrees, even if it means postponing financial independence for a decade or more. But prestige does not pay your bills, nor does it compound interest in your savings account. Starting early in a trade or skill-based profession allows you to build wealth, confidence, and experience while others are still in classrooms.

By the time the doctor begins to earn, the tradesperson may already own a home, have investments growing steadily, or even start their own business. They have used their time to turn skill into stability. In the long run, that stability is worth far more than status.

Money That Works While You SleepWhen I first started my mail-order catalog, I understood the importance of systems that earned money even when I wasn’t working. Early investments, like early businesses, grow on their own if you build them correctly. Time is what makes them powerful.

A person who begins saving young allows their money to work longer, and over time, that work multiplies. Every dollar saved at 20 could be worth $10 by 60, but a dollar saved at 30 may only grow to $5. The earlier you begin, the harder your money works for you. That is why delaying a career for prestige can cost more than it earns.

The Real Measure of SuccessI have known men who wore fine suits and carried expensive degrees yet struggled under the weight of debt. I have also known craftsmen who never attended college yet built lives of comfort and independence. Success is not measured by what you study but by how wisely you use your time and resources.

If your career path requires long schooling, plan for the cost—not just in tuition, but in years. Understand how debt will affect your future choices. If you can start earlier, even in a humble trade, do so with pride and discipline. Every paycheck, every investment, every experience compounds just like interest—slowly, quietly, but powerfully.

The Time AdvantageIn business, I always believed that the one who starts first has the advantage. The same is true in life. The earlier you begin earning, saving, and investing, the more time you give your future to grow. The difference between starting at 19 and 29 is not ten years—it’s a lifetime of financial opportunity.

Use your time as if it were gold, for in truth, it is worth even more. Whether you choose a trade, a profession, or entrepreneurship, remember this: money can be replaced, but time cannot. Every day you start early is a day your future begins working for you. And when you let time become your partner, success will never be far behind.

Defining Success for Yourself: The Path That Fits You – Told by Richard Warren Sears, Frank Lloyd Wright, Mary McLeod Bethune, and Zack Edwards

When I built my company, I never asked anyone’s permission to call myself successful. I didn’t wait for a diploma or a title. I measured success by how many people I could serve, how many families I could help, and how many dreams I could make possible. Too often, young people believe success is defined by where they go to school or what letters appear after their name. But I learned that success is far simpler—and far more personal.

I was not the wealthiest man in my youth, nor the most educated, but I learned to build with what I had. Every order filled, every customer satisfied, every risk taken became a lesson that shaped me. I want students today to understand that success does not begin when you receive a degree—it begins when you start creating value in the world. Whether that’s fixing an engine, opening a shop, teaching children, or writing a book, your worth isn’t measured by paper credentials but by the impact you make.

Success isn’t a destination at the end of your education—it’s a road you travel your whole life. Don’t wait to walk it until others say you’re ready. Begin where you are, with what you have, and grow from there.

Designing Your Own Blueprint – Told by Frank Lloyd WrightEvery building I designed began not with what others expected, but with what I envisioned. I wanted to create spaces that lived in harmony with their surroundings, structures that breathed with light and purpose. That same philosophy applies to life: you must design your own blueprint.

Too many people build lives based on someone else’s design. They chase the idea of success sold to them by schools, employers, or society, never realizing that they’re constructing someone else’s dream. But the world needs architects of every kind—creators, craftsmen, thinkers, and doers. Some are born for universities, where knowledge is passed down in lecture halls. Others thrive in workshops or studios, where learning is born from the hand and heart.

A degree is one tool, not the whole toolbox. Apprenticeships, trade schools, and entrepreneurial ventures are equally noble. Each path has its own beauty when it aligns with the person who walks it. Don’t fear choosing differently. The integrity of your work, the joy in your craft, and the purpose behind your effort—these are the true foundations of success. Build the life that fits you, not the one others imagine for you.

The Purpose of Learning – Told by Mary McLeod BethuneI have met young men and women from every walk of life—some with degrees, some with none—and what has always mattered most is not what they studied, but what they learned about themselves. Education is not a contest; it is a calling. It does not exist to make one person better than another but to awaken what is already within.

Many of my students came from poverty, as I did. They carried not money but hunger—the hunger to learn, to build, to rise. I told them education is not about wealth or recognition; it is about service and self-discovery. The person who studies medicine to heal others is as successful as the one who learns carpentry to build homes. Success is not measured by the title above your door but by the purpose behind your work.

If you find yourself on the path of college, go with intention. If you find yourself learning through trade, service, or entrepreneurship, do it with pride. Every honest path contributes to the fabric of a better world. The path that fits you is the one where your talents meet the needs of others. Walk it with courage, and let your life become the lesson.

The Modern Journey – Told by Zack EdwardsWhen I was young, I thought success meant climbing the same ladder everyone else was told to climb. College, career, house, retirement—that was the plan. But life has a way of teaching that there’s more than one path to the top. For some, college is a launchpad. For others, it’s a detour. The truth is, success is not found in the institution you attend—it’s found in the choices you make every day.

I’ve met people who never went to college but built thriving businesses and became financially free. I’ve also met college graduates with heavy debt and no clear direction. The difference isn’t education—it’s awareness. The students who succeed are the ones who understand money, purpose, and growth. They spend wisely, learn constantly, and never stop improving themselves.

There are so many routes available today: online certifications, community colleges, apprenticeships, real estate, entrepreneurship, digital careers. Some take months, others take years, but all can lead to a stable and fulfilling life if you approach them with focus and financial wisdom. You don’t need to fit into society’s mold—you need to build one that fits you.

A Shared TruthFrom our different times and journeys, we share one truth: success is not one path but many. College can be a powerful tool, but it is not the only key. A trade can provide freedom, a business can create wealth, and self-learning can spark innovation. What matters is not the form of your education, but the purpose behind it.

You must know yourself—your strengths, your dreams, your values—and choose the road that allows those things to grow. Do not chase success that others define for you. Instead, build a life that gives you pride, peace, and progress. Whether you walk through the halls of a university, work beside a mentor, or build something entirely your own, success will find you when your work aligns with your purpose.

Vocabular to Learn While Learning About College and Student Loans

1. Tuition

Definition: The amount of money charged by a college or university for instruction or classes.

Sentence: The tuition at most universities increases every year, making it important for students to plan their finances early.

2. Scholarship

Definition: A sum of money awarded to a student based on academic achievement, talent, or other merits to help pay for education.

Sentence: Maya earned a full scholarship because of her high grades and community service work.

3. Grant

Definition: Money given to students, often based on financial need, that does not have to be repaid.

Sentence: After filling out the FAFSA, Jordan qualified for a federal Pell Grant that cover his tuition.

4. Loan

Definition: Borrowed money that must be repaid with interest, often used to pay for college expenses.

Sentence: Kevin took out a student loan to cover his housing costs while attending college.

5. Apprenticeship

Definition: A program in which a person learns a trade or skill through hands-on work under the guidance of an expert.

Sentence: During her apprenticeship as an electrician, Lila earned money while learning the trade.

6. Dual Enrollment

Definition: A program that allows high school students to take college-level courses and earn both high school and college credit.

Sentence: Through dual enrollment, Hannah completed two college classes before she even graduated.

7. FAFSA (Free Application for Federal Student Aid)

Definition: The official form students complete to apply for federal financial aid, including grants, loans, and work-study.

Sentence: Completing the FAFSA each year helps students qualify for the most financial aid possible.

8. Work-Study

Definition: A government-funded program that provides part-time jobs for students with financial need to help pay for education expenses.

Sentence: Diego worked in the library through a work-study program to help cover his books and transportation costs.

9. Trade School

Definition: A vocational institution that trains students in specific careers such as plumbing, welding, or cosmetology.

Sentence: Instead of attending a four-year university, Maria chose a trade school to become a certified HVAC technician in just 18 months.

10. Financial Aid

Definition: Any type of funding that helps a student pay for college, including scholarships, grants, loans, or work-study programs.

Sentence: Without financial aid, many students would not be able to afford the rising cost of college tuition.

Activities to Demonstrate While Learning About College and Student Loans

College Budget Challenge

Recommended Age: 13–18 (Middle and High School)

Activity Description: Students will explore the real costs of attending college by creating a monthly budget based on different types of post-secondary options—public universities, private universities, trade schools, and community colleges. They’ll compare expenses such as tuition, housing, food, transportation, and entertainment while considering how scholarships, grants, and part-time jobs might change the outcome.

Objective: To help students understand the total cost of college beyond tuition and practice budgeting with realistic financial scenarios.

Materials: Access to the internet or printed college cost data. Budget worksheet or spreadsheet template. Calculators. Sample financial aid offers (real or mock examples)

Instructions:

1. Divide students into small groups and assign each a type of school (public university, private university, trade school, or community college).

2. Provide them with average tuition, housing, and living costs.

3. Have each group create a monthly budget including tuition, housing, food, books, and personal expenses.

4. Introduce scholarships, grants, and part-time income, then adjust their budgets accordingly.

5. Discuss which types of schools offer the best financial value and how choices affect debt levels.

Learning Outcome: Students will recognize that college expenses extend far beyond tuition and that thoughtful budgeting, scholarships, and part-time work can reduce debt and financial stress.

Student Loan Reality Simulation

Recommended Age: 15–19 (High School and College Prep Students)

Activity Description: Students simulate taking out and repaying student loans by exploring how interest builds over time. They’ll calculate how monthly payments, interest rates, and repayment terms affect the total amount paid over the life of a loan.

Objective: To demonstrate how student loans work, how interest accumulates, and how repayment affects long-term financial freedom.

Materials: Sample student loan data (principal, interest rate, and repayment period). Calculators or online loan calculators. “Borrower Profile” cards (different loan amounts and career types)

Instructions:

1. Give each student or group a “Borrower Profile” (for example: $25,000 loan at 5% interest for 10 years).

2. Have them calculate the monthly payment, total interest, and final amount paid.

3. Introduce variations such as income-driven repayment, early repayment, or deferment to show how each changes the outcome.

4. Have students compare their results and discuss how career choice, salary, and borrowing decisions affect repayment.

Learning Outcome: Students will understand how borrowing decisions impact financial stability and learn strategies to minimize debt through informed choices and early repayment.

Pathways to Success Comparison Project

Recommended Age: 12–17 (Middle and High School)

Activity Description:Students explore and compare different career pathways—college degrees, trade schools, apprenticeships, and certifications. They’ll analyze the costs, training time, and potential income for each path to discover how success can take many forms.

Objective:To teach students that success does not depend solely on earning a four-year degree and that various career paths can lead to fulfilling and well-paying work.

Materials:

• Career research worksheet

• Access to Bureau of Labor Statistics or career websites

• Poster paper or digital presentation tools

Instructions:

1. Assign students different career types—some that require college degrees and others that rely on trades or certifications.

2. Have students research each path’s training length, total cost, and average salary.

3. Students create a presentation or visual chart comparing the time, cost, and return on investment (ROI) of each path.

4. Facilitate a class discussion on how to define personal success and how financial awareness can guide decision-making.

Learning Outcome:Students will learn to evaluate careers based on both passion and practicality, understanding that success can be achieved through multiple educational routes.