1 answer
Emma
Student
Henderson, Nevada
2
Questions
Updated
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What is the average student debt? What can I do to avoid it?
I really really don't want end up in debt #money #debt #student-debt #loans #financial-planning
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1 answer
Tiffany Bray, CTPRP , MBA, CPM
Risk Manager
11
Answers
Tampa, Florida
Updated
Tiffany’s Answer
The average debt for an undergrad degree is about $35-40K. many ways to avoid:
1)work to pay tuition, may take longer to graduate but you wont have debt
2)always take out only the amount of student loan $ you need, never more. If you take the max, only use it for school related expenses and don't add more debt like credit cards
3)ask family to loan you money or for gift money to pay for college. If you are dedicated they may give you money as gifts and not loans
4)scholorships! many organizations offer scholorships. You will have to hunt and dedicate time to completing the requirements. But look and look. Many are out there and some you even qualify for they you don't know exist. Ask you school for help on finding these, they should be able to help you
1)work to pay tuition, may take longer to graduate but you wont have debt
2)always take out only the amount of student loan $ you need, never more. If you take the max, only use it for school related expenses and don't add more debt like credit cards
3)ask family to loan you money or for gift money to pay for college. If you are dedicated they may give you money as gifts and not loans
4)scholorships! many organizations offer scholorships. You will have to hunt and dedicate time to completing the requirements. But look and look. Many are out there and some you even qualify for they you don't know exist. Ask you school for help on finding these, they should be able to help you