4 answers
Brynna
Student
Gakona, AK
1
Question
Asked
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DEBT FREE DEGREE?
I am a college freshman who is hoping to graduate college with no debt, how is that possible when school is expensive and the average job only pays 10 an hour?
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4 answers
William Fowler
Research
1
Answer
Jackson, Tennessee
Updated
William’s Answer
Hello Brynna,
Why not consider a local college in your vicinity? These institutions often receive funding from your state's lottery or other financial aid sources. The government offers a plethora of options to finance your education, including Pell Grants, scholarships, and work-study programs at your school. It's a fantastic opportunity, don't miss out!
Pell Grants
Federal Work-Study
Why not consider a local college in your vicinity? These institutions often receive funding from your state's lottery or other financial aid sources. The government offers a plethora of options to finance your education, including Pell Grants, scholarships, and work-study programs at your school. It's a fantastic opportunity, don't miss out!
William recommends the following next steps:
Michelle M.
Entertainment Industry
1913
Answers
Updated
Michelle’s Answer
Hello, Bryanna !
Thank you for reaching out with this concern because yes, it is possible to be debt free when you graduate college. There are a few options for this. It does not by any means mean that the degree is free in the sense there's no tuition, but I would be happy to give you some information about how not to accrue debt from loans.
The first way is Loan Refusal. Do not check the Loan option on your financial aid application, just check Grants and Work Study and any direct form of aid, but not the choice of a loan. Make up the difference with scholarships and other grants that you could apply for. It is best that you discuss this procedure with the financial aid officer at the college you plan to attend.
The second way is to attend a college that has an agreement with the financial aid system to be a No-Loan college. I have left a link for you about it below.
The next way is to ask your parents if they have a 529 college student savings program started for you. That is a bank account to be used for tuition.
You will have to rely on scholarships both nationwide, statewide and from local resources to make up any coverage that loans would have covered. I hope that this is helpful and I wish you all the best !
NO LOAN COLLEGES https://thescholarshipsystem.com/blog-for-students-families/a-complete-list-of-no-loan-colleges-and-what-it-means-to-your-student/
TYPES OF COLLEGE SAVINGS PLANS https://www.citizensbank.com/learning/types-of-college-savings-accounts.aspx
A 529 COLLEGE SAVING PLAN https://www.savingforcollege.com/intro-to-529s/what-is-a-529-plan
Thank you for reaching out with this concern because yes, it is possible to be debt free when you graduate college. There are a few options for this. It does not by any means mean that the degree is free in the sense there's no tuition, but I would be happy to give you some information about how not to accrue debt from loans.
The first way is Loan Refusal. Do not check the Loan option on your financial aid application, just check Grants and Work Study and any direct form of aid, but not the choice of a loan. Make up the difference with scholarships and other grants that you could apply for. It is best that you discuss this procedure with the financial aid officer at the college you plan to attend.
The second way is to attend a college that has an agreement with the financial aid system to be a No-Loan college. I have left a link for you about it below.
The next way is to ask your parents if they have a 529 college student savings program started for you. That is a bank account to be used for tuition.
You will have to rely on scholarships both nationwide, statewide and from local resources to make up any coverage that loans would have covered. I hope that this is helpful and I wish you all the best !
Michelle recommends the following next steps:
Jesse Allen
IT Consulting
22
Answers
Indianapolis, Indiana
Updated
Jesse’s Answer
Debt free school is possible. It would take discipline, taking advantage of your resources such as grants, scholarships and campus jobs, possibly funding it through work, finding a college where the costs to you are low.
Rian Alam
Student
139
Answers
Seattle, Washington
Updated
Rian’s Answer
Hi Brynna,
I would look into any scholarships that your school might offer. If you haven't already, I would contact the student financial aid office to see if you're eligible for any aid, to help reduce the cost of school. I would look into becoming an RA, as that can help cover your tuition and food costs. But the biggest way to help reduce the cost of college is through scholarships. I would reach out to your academic advisor and work with them to find any relevant scholarships for you!
I would look into any scholarships that your school might offer. If you haven't already, I would contact the student financial aid office to see if you're eligible for any aid, to help reduce the cost of school. I would look into becoming an RA, as that can help cover your tuition and food costs. But the biggest way to help reduce the cost of college is through scholarships. I would reach out to your academic advisor and work with them to find any relevant scholarships for you!