AVOIDING STUDENT DEBT

Though it seems impossible to avoid the hardship of student debt, even to some degree, there are ways to keep your debt manageable. Of course, once you graduate, it won’t feel that way because lenders will pummel you eager for you to begin reimbursement. Take a deep breath- we get it!

Tips to Offset Student Debt
First and foremost, while difficult for many students in high school to anticipate their future career endeavor, perhaps knowing that you want to go to college is a great initial step. From there, look at universities of interest based on types of diplomas, areas of study, what the school is known for, and location. Then, research scholarships and grants. Most higher education universities offer scholarships, so be sure to check those out, too.

Scholarships! A scholarship is a true gift in every sense of the word. Each scholarship varies based on criterion for that specific scholarship. The best part, you are not required to repay!

There are so many scholarships offered by schools, here are just a few:

Academic
Athletic
Creative arts
Community service
Military
Prestigious scholarships
Legacy
Average students
Moms
Writing
Read more about scholarships.

Grants! There are two types of grants, government issued which are far and few between and university grants. Grants are akin to scholarships and must be applied for. If you are approved for a grant, funds are applied to costs associated with being in college.

Here are a few types of grants:

Pell Grant
Minority
Government
Doctoral
Military
Low Income
Women
Returning Students
Field of study
Research types of Grants.

Financial Aid! Financial aid helps students and families pay for higher education and adjunct costs for that education.

Here is a short list of some types of financial aid available to students:

Federal Government
State by state
College you attend
Nonprofit organizations
Research Financial Aid:

FAFSA, Federal Student Aid
Who Gets Financial Aid?
Steps to Acquiring Financial Aid
Save those pennies! While in high school get a job, even if your job is during the holidays and summers. Throughout college, if you can manage a position, it’s worth it because you’re saving money which will pay for books, tuition, boarding, and much more.

Internships! Not all internships are unpaid. In fact, there are several internships that pay. Additionally, the college you attend might allow you to take an internship for credit.

Budget! In order to save money, you need to know what your income and expenses are. If you’re new to budgeting, consider downloading a template to help you. Here are some resources to get you started:

Creating a Budget
College Budgets
26 College Budget Calculators for Students
There are a multitude of options available to students for avoiding student debt and, or offsetting debt.

AVOIDING STUDENT DEBT

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