Albert Moyer, Jr.

Free Application for Debt and Enslavement

As doctors, policemen, teachers, or whatever we do to help others, we do it, and take an oath to help and not hurt others. Since the introduction of FAFSA, Free Application for Federal Student Aid several young people have been led into a long period of debt with little in return for their expense. Granted it has helped some, but the statistics are out, and they prove that our youth are being set up with debt that drives suicide, frustration, anger, drug abuse, and a whole list of ills. Sadly, the government, education, and banking bureaucracy behind it could care less, so long as they are making money. You have it right young people, you are pawns for someone else’s mansion, swimming pool, or fine luxury auto. You are their slaves and interest on the debt you owe makes them laugh and smile.

Currently we have a huge demand for blue-collar and skilled  labor in America., but this knowledge is not being shared with you at school. Why? It does not benefit their bottom line or alignment with College Board or colleges. The demand for skilled construction, machinists, auto mechanics, dental hygienists, physical therapy assistants, nurses and assistants, chefs, bus drivers and street car operators, hair stylists, train industry, petroleum industry, linesman for electric companies, Gas plant operators, Transportation Inspectors, Elevator installers and repairers, Electronics repairers, etc. The list is long and many of these jobs can be obtained from on the job training or as little as an associate degree for under $10,000. Many of these jobs offer salaries that far exceed the average college graduate salary without the burden of deep debt. In fact, most will send you over $75,000 a year with 401k, health benefits, and a nice yearly vacation.

Our schools have long pushed the mantra of college, college, college. You do not want those blue-collar jobs, you want a professional job. High schools have even eliminated programs on campus for blue-collar or skilled labor. This has created a huge shortage of qualified workers in many blue-collar or skilled labor fields.

Let’s look at how a young high school grad in blue-collar or skilled labor can do better than their college bound friend.

For fun let’s look at the job of a truck driver who can spend as little as $6,000 on six weeks of skilled labor schooling and hit the road making $65,000 local to over $100,000 long-haul across the country.

Let’s say your friend is receiving all that fine FAFSA loan money for college. A college in Florida has yearly expenses of $43,000 a year for a teacher’s bachelor’s degree. Let’s assume your friend finishes in five years. Their total cost for their degree is a whopping $215,000. Let’s also assume your friend received grants and half of their schooling was free. That leaves them with loans of $107,500 dollars.

Let’s look at their loan pain now. Let’s assume they have 7% interest and it must be all paid off in ten years. Based on that premise they now owe $1,248 dollars a month in loan debt.

Your happy graduate friend is coming home to Houston and lands their first job as a teacher making $52,000 a year. Which gross is $4,333 a month. From that right off they have insurance, taxes, and teacher retirement deductions of about 18% on the low-ball side leaving them roughly $3,553.06 net income. They need to pay their college loan back. $3553.06-1,248= $2,305.06. Your friend now must pay rent and the average for a one- bedroom apartment in an average area is $1,200 a month. Let’s now deduct that from your friends pay. Your friend now has $1,105.06 for groceries, gas, utility bills, job expenses/clothing, car payment, etc. Your friend will have little of anything left at the end of the month for the next ten years. Let’s assume they graduated at 23 years old. At age 33 your friend will start having money left over to perhaps save for a house. Your friend is frustrated! I see it all the time.

Now let’s look at you who decided to break away from the sheeple and be a renegade. You decide on that trucker program at Houston Community College for $6,000 in six weeks.

You hit the road at 18 making $60,000 a year. That is $5,000 gross a month. Let’s assume you also have 18% deduction for taxes, social security, insurance, etc. That leaves you with a gross of $4,100 dollars a month. Before you friend ever graduates college with their debt and starts a job you will make $246,000 dollars more than them over five years and that is a low-figure, because this does not assume your pay raises or how much you work.

Your friend starts life at negative -$107,500 in the hole (liability) after-college and you start off life with assets. Depending on how well you manage or invest your money it could be a substantial amount of assets. You might even retire a millionaire at 50 as a trucker because you were wise.

Your salary will always exceed your friends even if they pursue a master’s degree in education unless they enter the highest levels of management.

Let’s assume from your $4,100 a month net pay you have $1,200 a month rent. You now have $2,900 net income after rent. As you can see from the above example you will always exceed your college educated friend if you are wise with your assets/money. No debt and you started making money faster.

Unfortunately, many, but not all, teachers and counselors who are advising students to go to college often have little experience with understanding money. They often do not understand their 403b. Many are in debt themselves. They just follow orders and push programs because that is what they are told. Some never research anything or understand it, which I find sad, since they are in the business of learning. That is why I offer you this free example. I signed an oath to help people.

Is this designed to steer you away from college? No! It is designed for you to reflect! An opportunity to reflect on a side that nobody is sharing with you. College is a HUGE commitment and cost.

My job in educating you is to give you the pro’s and con’s. Assets are always a pro over liabilities. Asset’s do place you in a position of less worry more often than a load of liabilities.

If you are thinking about being away from mom and dad, partying, or signing up for one of the many degrees that are worthless in the real world, I would advise you to reflect. You could be setting yourself up for a life back at home with mom and dad if they are willing to accept you.

Debt is the modern word for slave. If you owe debt you are owned by the master, you are paying too. Free Application for Debt and Enslavement to the master! Please do your research and carefully weigh your options before taking on loans through the FAFSA Free Application for Federal Student Aid. What will place you in a better position short-term and long-term? Do you want to owe money or make money? Who is benefitting from all that interest you must pay back? What is your passion for life?  Find out about ALL your options!

I hope this helps you in your decision-making process and gives you some insight into what is being hidden from you. Good luck!