Graduating Debt-Free

By Amy Archuleta

With growing costs for education and cuts in federal aid, the words “degree” and “debt” may seem synonymous to many. Students may assume debt is inevitable on their path to a college degree. ENMU senior Rachel Schaub thinks otherwise.

Rachel, a 21 year-old ENMU Psychology major, will graduate this May completely debt-free. She credits her debt-free college education to ENMU’s low cost of tuition, the New Mexico Lottery Scholarship, her frugal spending habits and ENMU scholarships like the ENMU Alumni Association Scholarship.

Rachel Schaub

Courtesy Christa Maese

“I almost cried when I opened the award letter for the Alumni Scholarship,” Rachel stated appreciatively. “I think they saw that I work hard and the scholarship could really help me.” She also explained how much she loves Eastern. Rachel feels that she is getting a great education from dedicated instructors. She has had the opportunity to be involved in Psy Chi Honor Society and is currently the vice president of Psyched-In, the on-campus psychology club.

Rachel puts her scholarships to use by spending wisely and saving at least 30-40% from every paycheck from her part-time job. She explained, “I don’t have to have a nice car or the newest iPhone, and I rarely eat out. I’m willing to sacrifice now for something better later.”

Her goal is to earn both her Bachelor and Master degrees without having to take out any loans. “I’m starting to save my money toward my masters and because of scholarships, I will be finishing my bachelor’s degree completely debt free!”

To help students like Rachel, please donate online at www. enmu.edu/ foundation.