Tuesday, August 21, 2012
CONTROL YOUR COLLEGE DEBT
Four tips:
1) Reduce the debt you take on. Look for scholarships and if you have
to take out loans, government loans tytically are better than private ones.
2) Figure out what works for you. It may be advantegrous to delay college
while you live at home, work full time and save up money or go just part
time while working.
3) Reduce college costs. The average textbook for an intro course costs $176
You an whittle down textbook costs by looking out for campus book swaps,
buying used textbooks or getting e-books.
4) Manage your debt after college. The first step is to go to nsids.ed.gov,
the National Student Loan Data System. You may be able to consolidate
your loans at a lower interest rate.