Though it seems impossible avoiding 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: Avoiding Student Debt

First and foremost, while difficult for many students in high school to anticipate their future career endeavors, 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 the 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.

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

Here is a shortlist 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 that 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.

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