Yes, you read the title right and it is possible. The amount of student debt that students are taking on to graduate continues to rise each year and students graduating in 2017 will hold the highest amount of student loan debt. If you do not want the debt that comes along with a college degree, we will go over some ways you can indeed obtain your degree without having a huge bill six months after graduation.
How to Obtain a Degree Without Taking on Debt From Loans
1. One of the first things you can do to graduate with a two-year degree and minimal debt is to take college classes while you are in high school. Yes, it will be a lot of work and you will have to forgo some late night parties, but it will pay off in the end.
Think about it for a moment. You can graduate high school with your diploma and a two-year degree at the same time. Not only will you save yourself money, you will save yourself time as well.
Your high school works with local colleges to ensure that students are able to enroll in classes and get the most out of their experience in high school and college.
If you have the opportunity, you can also take concurrent classes which allow you to earn college credit and high school credits at the same time. These classes do not cost as much as college only credit hours and you can rack up quite a few credits in these classes.
Not only that, concurrent classes do not require you to spend additional class time on a college campus as the courses are taken during regular school hours.
2. Next, you should talk to your college and high school counselors to ensure that you are mapping out your college degree. You want to make sure you know what classes to take, when to take them, and if they count toward your degree.
One mistake that puts students in debt is that they do not know what degree to pursue and they bounce around from option to option. This results in you taking unnecessary classes and not getting the credits you need.
For example, if you switch your degree choice three times in three semesters, you may have wasted 9 or 12 credits taking classes you didn’t need and this is more money out of your pocket as you will be required to obtain the credits you missed and there are no refunds for careless credits.
3. Another great option for students is to earn your way through school. There are a variety of programs that allow you to work at the college campus and while doing so, your schooling is paid for.
In addition, there are a variety of volunteer programs that offer a college stipend if you complete so many hours in a year. Taking advantage of these programs will allow you to attend college without having to take out any student loans.
Also, if you work a part-time job, you can set aside some additional funds to help you pay for school as well. Many colleges allow you to make monthly payments for your tuition costs which means you do not have to withdraw on a loan and you can easily make a simple payment once per month.
4. Lastly, never limit yourself when it comes to your college classes. If you have the opportunity to take online classes while you are in high school, do it. There is nothing more liberating than being able to graduate with a degree at a young age and with no debt in your name.
Going to college does not have to mean debt for you and there are many ways that you can get yourself through college without having to take out federal or private student loans. While it may not be easy, with some planning and hard work, you can easily do it.
The sooner you start going to college, the quicker you can graduate and why not spend extra down time working toward your future.
Author: Jeff Gitlen
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