Heading to College? 5 Ways To Avoid Student Loan Debt


Going to college and getting a degree is no longer the American Dream – it’s the norm. With so much competition in today’s job market a college degree is almost necessary.

However, many would be students are hesitant about taking out loans to fund their education. And it’s no wonder why – education costs have been on the rise, with the average student loan debt being more than $24,000.

If you are contemplating your decision to pursue a college degree but hesitant to take out loans, there are ways you can go to school without incurring a mountain of debt.

Let’s take a look.

Start with Community College

There is no need to incur the high tuition fees of a university when you can get your first two years of college completed at a community college. The tuition at a community college can be less than half of that of a public university. How’s that for savings?

Apply for Scholarships

There are a ton of scholarships available to help college students cover the cost of tuition. Research scholarships and apply to every single one that you qualify for. You never know, you may receive enough scholarship money to pay for a nice chunk of tuition.

Work Part Time

Avoiding debt is a noble and worthwhile cause. In order to successfully avoid debt you will be required to put in the work. Get a side job that you enjoy or that allows you to study in your downtime. You should check job openings with your college. They may have the perfect position for you.

You could also consider starting your own freelance business. You could tutor other students, teach lessons, mow lawns, clean houses, or babysit.

Take a Paid Summer Internship

College is a fun time in life, but it’s also a lot of work. Taking a paid internship will do double duty for you. You’ll get invaluable experience to put on your resume and earn money to go towards your tuition.

Live a Frugal Lifestyle

If you can make some temporary sacrifices in your college years you will heavily benefit upon graduation. The only way you are going to be able to make your money stretch far enough to cover tuition is by living an extremely frugal lifestyle.

Here are a few frugal tips for you:

  • Use your student ID for discounts
  • Opt for the lowest cost housing option
  • Limit partying
  • Prepare your own simple meals
  • Create a budget (and stick to it)
  • Use Coupons

There are a plethora of options at your fingertips when it comes to being frugal. Keep in mind that the sacrifices you are making now will heavily pay off in the future.

If you want to get a college degree without debt, you can do it. You will have to sacrifice and work very hard, but with the right mindset it can be done. Just remember, all of your hard work now will pay off when you are debt free and have your college degree.

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