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How do I manage my finances in college to prepare for paying off student loans post-grad??

I will most likely be in around $100,000 of debt and I want to go to law school post undergrad.

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Tom’s Answer

There's not much that you can do to limit your debt unless you want to live off campus, cook your own food, and take public transportation rather than drive. The best advice that I could give would be to find a good state university or college to attend and save a ton of money. I opted not to go to UC in California and to a state university instead. Instead of costing me $40+K, I spent less than $10k plus I didn't find myself still buried in debt in my 30s and 40s. Best decision is EVER made. But if are still focused on a top-tier school, cut the corners that you can and see if you can get friends of family to chip in. I wish you ever good thing. Good luck! Tom
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H’s Answer

Since you are considering law school and potentially reaching around $100,000 in undergraduate debt, it is important to build strong financial habits now.

How to manage finances in college
Create a realistic budget: Track tuition, housing, food, transportation, and personal expenses.
Reduce borrowing: Only take loans for necessary expenses and avoid using loan money for lifestyle costs.
Apply for scholarships every year: Small awards can add up over time.
Work part-time or during summers: Use income to reduce borrowing and build savings.
Build financial skills: Learn about credit, interest rates, budgeting, and investing.
Avoid unnecessary debt: Limit credit card balances and large purchases.
Preparing for law school
Research law school costs carefully and compare scholarships and financial aid packages.
Consider working before law school to save money and gain professional experience.
Aim for strong grades and LSAT preparation to improve scholarship opportunities.
Explore lower-cost options, including in-state schools or programs with strong financial support.
Long-term strategy

Your goal should be to minimize debt before adding another degree. A strong academic record, financial planning, and early career experience can help you enter law school with more options and less financial pressure.
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