How To Reduce College Debt

College isn’t free unless you win a full ride scholarship, which is really hard to get. To get a full ride scholarship, you have to meet the requirements which include an 800 score on the SAT and/or 36 score on the ACT. Winning a full ride scholarship is one option to stay out of debt while you’re in college. Another way to stay debt free is to start saving up money every week or at least every now and then while you are still in high school. Saving up money, doesn’t have to be boring, get out, offer to help and start planning your future. If saving money is hard for you, try saving at least one dollar everyday, every dollar you’re saving will make a difference. If you ever receive a financial gift, make sure to save up every dollar of it. Most importantly, put all the money you receive in a savings account so that you won’t be tempted to spend it on unnecessary

College today is so expensive that most people that are fortunate enough to attend, end up having to take out student loans at one point during their collegiate careers to help pay for their tuition and other fees associated with college. If people do not manage their student loans right, the debt can pile up and put you in very shaky financial state, and have major impacts on ones life as well as others too. There are ways that you can manage your student loans, and pay them off in an effective and timely manner such as: paying of the most expensive loan s first, picking the right payment options, staying in touch with your lenders, and paying more than the required

The other problem with student debt is a lack of financial education. The first major financial decision many students are making is with their college loans. It’s a major decision and often times there’s been little financial education that’s been taught. The Wells

In the year 2007, 18.2 million students enrolled into college. About thirty-nine percent of those students were between the ages of eighteen to twenty-four (Marcus). College is seen as something one must do to be able to have a successful life or career. Student debt is almost guaranteed for anyone that goes into college. Seventy percent of bachelor's degree recipients graduate with student debt. Student loans in just the U.S. alone are up to 1.2 trillion dollars, this is the second highest level of consumer debt, just trailing behind mortgages (Snyder). Student debt has been an issue for anyone thinking about going into, that is attending, and graduating or leaving college. How to solve this issue is very simple, which is to save money, lower

Check out this great podcast episode on how to plan financially for a college education. It has helpful tips and questions to guide parents in the ins and outs of Taming The High Cost Of College.

Student debt is an increasing problem in the American education system. As the times keep changing one thing becomes clearer and clearer: going to college is becoming less and less of a choice for recently graduated high school students. Unfortunately for us students that also means by the time we graduate we will have thousands of dollars in student loans to pay off when we are trying to start fresh in our new jobs. According to a story reported by the Daily News, approximately 70 percent of college students owe around 30,000 dollars by the time they graduate. This number

While the plan of a college student would be to just pay off their dept quickly after finding a job, the harsh reality is there just simply isn't as many job offers as they expected. College intuition has increased over 538% in the last 30 years and not even including other expenses it is understandable why most college students have doubled in debt.

The growing cost of college tuition is a major problem in today’s world. It is causing students to have to take out student loans to pay for it. The problem with student loans is that they have a high interest rate, can take years to pay off, and are a deterrent for going to college.

There is over $1.2 trillion of student loan debt in the United States.1 Consider these ways to save money before college, rather than burdening yourself with debt afterwards.

Student debt is a major issue, especially in the United States. It often impacts on a student education. Mostly, students from middle class family suffer from it. In the United States, the cost of tuition fee is very high, which is the most common reason behind student debt. Though there are various scholarships and federal aids for the students to help with tuition fees, most of the universities and colleges don’t cover full amount of the tuition fees, which leads the students to take loans, which causes student debt. However, there are also difference between universities and the loan system. Federal colleges and universities often have affordable tuition fees, which often don’t require students to take loans. However, tuition fees of private colleges and universities are extremely high, which don’t only require students take loans, but sometimes, the loans are even sufficient to cover all the tuition fees. Moving to the loan system, there are two types of loans; loans with interest and loans without interest. Loans without interest are usually better and affordable to take, but loans with interest are very expensive and not affordable to pay at all. And often, loan with interest is what leads to the student debt. After all, high tuition fees and loans with high interest are the reasons behind student debt and the problems with student debt are enormous. More or less, every one of the problems with student debt impacts on student education, which then impacts on a student

Many college students face this same struggle of deciding the rest of their future right out of high school. Unfortunately, freshman college students are under educated about their finances and tend to over borrow when they come to college. Student loan debt is a major problem in America that could easily be fixed by educating students before they are allowed to borrow large sums of money.

Key terms to use to help discuss the issue effectively would be “Making colleges more accessible and affordable” so students would graduate debt-free. There should be efforts to help students pay for college, reduce costs, and track down the bad schools that take advantage of students and give them a degree that is worth nothing and end up in big debt. Also another key term should be “a quality degree at reasonable cost” which all hard working students deserve. What students want out of colleges is an education that will set them on a path to

Students pay for college through: saving for years if no their whole life for college, taking out student loans and receiving scholar ships. Student loans are a very common way to pay for college, “student loans are, by far, the most dominant type of financial aid” (Redd, 2016). It is estimated that in one year ten million college students took out student loans. That is a lot of students needing financial help paying for college. The student loan debt in 2015 was 1.3 trillion dollars. College is now a necessity for high paying jobs in the modern world. When so many students are coming out of college with so much debt it is hard for them to get on their feet “average monthly student loan payment (for borrower aged 20 to 30 years): $351” (A Look at the Socking Student Loan Debt Statistics for 2016, 2016). That adds up to 4,212 dollars a year. These graduated students are working at entry level jobs and just starting to live on their own and having to pay 4,212 dollars a year of debt from college. That can be really hard knowing they also have to have their own housing, appliances, and

Throughout all of high school, and especially during their senior year, the only thing students seem to hear about is college. They have to attend tours, fill out application after application and decide what school will be best for them as a person and their career path. But what most people seem to stress over more than anything else is being able to actually pay for college. College tuition is high in price and increases every year, making it almost impossible for students to graduate without extreme debt. There are scholarships, financial aid, and loans to help out those who cannot afford to pay high tuition prices, but these loans are not desirable as they lead to this debt immediately after graduating. There is the help of financial aid, which is based off the parent’s income unless you are 23 and over, but financial aid can be difficult to obtain as there many requirements a student must fall under. Scholarships are another viable way to get financial help but it can be extremely difficult to find ones that you qualify for, especially without the help of an advisor or school counselor. Therefore, financial aid and must become more accessible to students so that future generations are not graduating with overwhelming student debt made worse by their interest rates. If we could minimize the fear of student debt then more of our youth would be pursing their degrees of interest.

“Many people worry about paying too much for college” (source 1). Individuals that want to go to college have variety of ways to pay for college. This essay will inform students to sign up for scholarships and grants, get federal student loans and private student loans.