Ways to Avoid Massive College Debt
Lizzy dragged herself after another day at college and started scrounging around for something to eat, but all she could find was Ramen noodles because that’s all she could afford. In our world today, college costs such a massive amount of money that most students are on a Ramen-noodle-every-night-budget. Several ways to avoid massive debt is to get scholarships and to save money.
There are many ways to get scholarships from schools to avoid massive debt. For example, while many of us are just trying to make it through the semester, others are trying to participate in more, so more chances for scholarships arise. Scholarships can be earned in many ways such as sports, band, choir, and so much more.In addition, two-thirds of college students now graduate with loans, and their average college debt is nearly $20,000, an increase of more than 50% since the 90’s. Therefore, college debt is becoming a bigger burden on young people trying to start their life. Scholarships are a great way to decrease debt after college.
Saving money is also a great way to pay for for college. For example, the more money saved, the less loans that would need to be acquired. Any money that is earned, received as a gift, or is donated toward college funds should be kept in a safe place for later use. In addition, there are plenty of ways to save/earn money. You can earn money by: getting a part-time job , babysitting, and saving gift money. Therefore, saving money can cause a better outcome for debt.
As Lizzy cooks her Ramen noodles she thinks of all the opportunities she missed out on. Ways to avoid massive debt after college can be to get scholarships and to save money. Don’t miss the opportunities like Lizzy.