Today, many young Americans are carrying the burden of paying off their massive student loan debt. In America, the student loan debt has climbed to over 1.2 trillion dollars as college tuition has continuously gone up. In fact, it’s going up more rapidly than both wages and inflation. This is causing a lot of stress on graduates coming out of school, having to pay off this debt while it continues to collect interest. All in all, college is a business. In today’s article, I’m going to show you three ways to keep college spending costs down.
1. Scholarships and Grants
Depending on your academic performance, you may qualify for a lot of scholarships. However, scholarships aren’t limited to only academics. Start browsing the web and applying for scholarships that you qualify for. Also, the state may give you grants depending on your socioeconomic background. In the end, apply for as much financial aid as possible.
2. Community College
Community College is a great option for those wanting to complete their general education courses at a cheaper cost. Also, community college allows one to stay closer to home, keeping college costs down.
3. Make a plan
In the end, you have to have a specific plan if you are taking out any loans or going to college at all. Make sure the major you are going into is in the field that you want to get a job in. Making a plan ensures you that you will have a well thought out college experience.