The average college graduate is currently saddled with at least $30,000 in student loan debts and this is often accepted as unavoidable reality for many students. However, this does not mean that you need to resign yourself to this fate in your own life. The best way to avoid crushing student loans is to live frugally and save whenever you can, for instance by using coupons from Discountrue. Thanks to those you will be able to pay less at such popular stores as Kohl’s and Neiman Marcus, but not only.
Make sure to check the offer and you will be certain to find something suitable for you. Other than that, what else can a person do to avoid student loans? Read on to learn more!
1. Pick A School You Can Afford
A college degree is no longer a guarantee of immediate prosperity. So, while a college with a high tuition may seem like a great idea, picking a less expensive one will leave you with far less student loan debt over the long haul and if you really want to learn something you should be to do that no matter where you are. Before applying to a college, be sure to research how much it will cost to obtain a degree. It’s good if parents can remain involved during this part of the process to provide their child with assistance in selecting a school that works for their budget and spiritual support.
2. Develop a Four Year Plan
College expenses should be viewed as a four year plan, as opposed to assessing them annually. The plan that is developed will depend on how much you have saved. While it may make sense to split your accrued monies over all four years, this can lead to a major cost gap during the latter years of college. These gaps often cause families to turn to much pricier private loan options, which lead to much higher student loans.
3. Start With Community College
If you are willing to study at community college for your first two years of school, this can cut down on student loan costs dramatically. Research the community colleges you are considering and make sure that your credits will be able to be transfered once you have obtained an associate’s degree. However, less financial aid is available to transfer students in many instances, so this is a strategy that requires a great deal of planning.
4. Ask About Financial Aid
Students who need help paying for college should do everything in their power to find as much financial aid as possible. We’re talking about money that will not have to be paid back and these grants are a lifesaver when it comes to diminishing student loan debt. Financial aid offers are typically negotiable and additional help can also be available after enrollment has been set. Outside scholarships can provide assistance, but make sure that they won’t cut into your aid offers.
5. Accelerated Degrees
If you’re willing to put in the extra work, you can actually finish your degree ahead of schedule. While a student must take at least 12 credit hours a semester to be considered full time, the majority of colleges allow their students to take up to 18 credit hours while paying the same amount of tuition.