No one ever said college wouldn’t be expensive. In fact, along with all other costs, college expenses are on the rise. Whether you decide to attend a community college for completion of your core classes, or spend all four years at a university, money is going to be a factor. Many students stress about the costs involved, while some students skip college all together because they can’t afford it.
There are a lot of resources to help you pay for college, however, including scholarships, grants, student loans and work study programs. Scholarships and grants are options that don’t have to be paid back while student loans must be repaid, sometimes along with interest, depending on the type of loan. Federal student loans, grants and work study eligibility are determined through filling out a Free Application for Federal Student Aid (FAFSA). Student loans are very popular among college students, but if you are looking to stay out of debt while in college, loans should be avoided.
Some of the best ways to graduate from college without any accumulated debt appear below. Utilizing some or all of these pointers will help you get out of school with no debt:
Students that graduate with debt often feel the pressure to find a job right away so they can begin repaying their loans. That can sometimes lead to students taking a job they aren’t satisfied with simply for a paycheck. For those that aren’t able to find a job by the time repayment must begin, additional interest will be applied to the loan amount and continued deferment of payments can lead to hefty interest charges. The best thing a student can do for their own credit, and possibly their sanity, is to graduate without any debt.