2 answers
Gyumin
Student
Frisco, Texas
1
Question
Updated
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How reliable are student loans in dealing with college costs and costs for living ?
I'm worried about not being able to pay off college tuitions and I don't want to be in student debt. Other than scholarships and part-time jobs, what else can I do?
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2 answers
Dmitry Gonchar
3
Answers
Sydney, New South Wales, Australia
Updated
Dmitry’s Answer
Research available internships or scholarships, and apply for for them. Some universities offer free tuitions for students with lower family income.
Part time job helps, like working in Target etc. while studying. It will be a bit harder, but many people do that, and will put you further in life.
Not a financial advice, but consider amount of money you'll make after graduation vs loan payments - if it will cover them and rent, groceries etc.
Another piece of advice is "don't go to grad school unless it's paid for" / no huge debt. You can get to the same place just by working, if you're constantly learning and improving in your field.
Part time job helps, like working in Target etc. while studying. It will be a bit harder, but many people do that, and will put you further in life.
Not a financial advice, but consider amount of money you'll make after graduation vs loan payments - if it will cover them and rent, groceries etc.
Another piece of advice is "don't go to grad school unless it's paid for" / no huge debt. You can get to the same place just by working, if you're constantly learning and improving in your field.
Meredith Harris
Deployment Consultant
1
Answer
Alabaster, Alabama
Updated
Meredith’s Answer
Great question, Gyumin! Since college can be very expensive, I'm happy that you are thinking ahead on how to balance these costs. I encourage you to have an open conversation with your parents/guardians around their financial contributions to college. After this, begin to look at colleges that fit into your budget. (As a general rule, public colleges or universities are cheaper than private ones.) Be sure to factor in living expenses in addition to tuition and fees!
College funding can come from a variety of sources (government grants and loans or from scholarships offered by the school you choose to attend), so be sure to talk with the Financial Aid department at the schools you are interested in. It's their job to help you navigate the process of paying for school! Also, if you are able to work, several companies will pay for your college tuition if you work while you're in school (Wal-Mart and Chick-fil-A are two that I can think of).
College is a wonderful experience, so I wish you the best in finding one that fits your budget and educational needs!
College funding can come from a variety of sources (government grants and loans or from scholarships offered by the school you choose to attend), so be sure to talk with the Financial Aid department at the schools you are interested in. It's their job to help you navigate the process of paying for school! Also, if you are able to work, several companies will pay for your college tuition if you work while you're in school (Wal-Mart and Chick-fil-A are two that I can think of).
College is a wonderful experience, so I wish you the best in finding one that fits your budget and educational needs!