Murray Baker on the Debt-Free Graduate

Murray Baker gives helpful advice on how to emerge debt-free from college.

It’s Friday afternoon, and Aidan’s gotten his second paycheck.

His first and most frequent destination with the money’s burning the proverbial hole in his pocket: the bank.  There, he will cash the check and take out $160 to spend during the next couple weeks, largely on different varieties of fast food.

To his credit, he is planning to save $100 per check.

In so doing, he is acting on one of the many recommendations Murray Baker supplies in The Debt-Free Graduate.

Written primarily for folks in Aidan’s age bracket, the book tackles all manner of subject in a style that’s alternately straightforward, practical, witty and even a tad snarky.

Published in the late 90s,  the book does feel a bit dated in places-it calls cell phones  “wireless,” for instance-but much of the content is timeless.  It talks the reader through the in and outs of federal loans, of applying for all types of scholarships, and, perhaps more useful, how to be frugal while attending college and preparing to emerge.  The Debt-Free graduate covers everything from how to buy textbooks to furniture, and offers tips about buying, then storing, food.

Living with an ace saver like Dunreith, I found much of the material familiar, and Aidan may, too.  Still, it’s never a bad idea to think about the actions we can take now so that he doesn’t emerge from college with a mountain of debt.

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2 responses to “Murray Baker on the Debt-Free Graduate

  1. BTW, still paying off school debt after refinancing those ugly 8%/10% loans. I will continue to pay through 2014, 30 years after I started college. Sigh, it has been mortgage like for sure. Only up swing is that I get a tax break on student loans because I make less money than the cutoff amount to stop getting that tax benefit. I view my school debt situation is so ridiculous that I just want to help students not be in my shoes, so I actually am an unpaid co-chair of a non-profit engineering scholarship. It was my dream to give money to engineering students since I was in college because the cost burden can be so great for engineering that usually is 5 years undergrad, and the course load does not allow time to work.

    • jeffkellylowenstein3

      Hey, Lannae,

      Thanks for the comment, and sorry to hear about your ongoing loan difficulties.

      Jeff

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