Ways to Evade Student Debt

For some, the most overwhelming notion of going to college can be summed up in one word: debt. Yes, a higher education is expensive, but without a college degree program, moving up in the working world and attaining financial success will prove all the more difficult. Worrying about debt shouldn't prohibit you from attending school to pursue your passion. In fact, there are many ways to stay on top of your bills before your hard-earned diploma is in your hands.

Here are some tips that can help you earn a degree while keeping your bank account nice and padded.

Start saving. If you've finished applying to schools, do your best to put money aside from your current job. This way you'll be able to have some extra money on hand once you've been accepted into a certain institution.

Look into as many scholarships and grants as possible. Once you've been accepted to a campus-based or online college, you can begin the process of applying for aid. Research opportunities through your college in order to earn extra savings.

 • Find out about student work. Many colleges offer qualified co-eds the opportunity to be part of a work-study program. This means you'll be hired as an employee at one of the facilities on campus, with the money going towards bills for your education.

 • Get a job. After you're settled and you feel comfortable with your course load, consider pursing a part-time or full-time job while taking classes to keep your finances in check. Just make sure you don't take on too much - after all, you don't want your grades to suffer.

Another important tip for college students is to keep track of money spent on extras like going out with friends and buying books. Additionally, those who sign up for a credit card should understand that the money must be paid off by the end of each month in order to prevent interest from accruing. By budgeting in these factors at the beginning of each semester, you'll have an easier time staying on track without having to stress about your finances.

David Bakke is a frequent contributor to the Money Crashers personal finance blog, where he shares his tips and ideas for saving money, saving for retirement, and securing your financial future by making smart decisions with money.

External links provided on Rasmussen.edu are for reference only. Rasmussen College does not guarantee, approve, control, or specifically endorse the information or products available on websites linked to, and is not endorsed by website owners, authors and/or organizations referenced.

comments powered by Disqus
Share Your Story Ideas
Our campuses and online community have stories to tell and we want to hear them! Did your campus raise the most money in the community for an organization? Do you have online study tips for other students? Would you like to share a personal success story about overcoming an obstacle while earning your degree?
To have your story idea considered:
  • You must be a faculty member, current student or graduate
  • Story ideas must be regarding Rasmussen College or an inspiring story about a student at Rasmussen College
  • Your submission must be original and may not have been published elsewhere online already
Please Note: Your story idea may be featured on the Rasmussen College News Beat or on one of our social networks. A member of our news team will contact you should we move forward with a blog post.
Feel free to suggest an idea for a blog post to be featured on the Rasmussen College News Beat by filling out the form below:

First Name: (required)

Last Name: (required)

Email Address: (required)

Phone Number: (required)

500 characters or less

close

Your Story Idea Has Been Submitted

Thank you for sending us a story idea! We’re reviewing submissions and may contact you soon to learn more about your story. In the meantime, make sure to check out our current blogs to see what’s happening on campus.

close