Here Are 3 Ways to Avoid Taking on Too Much Student Loan Debt

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Without a long-term solution for rising student loan balances, college-bound students need to minimize their debt burden at the outset. Here are three tactics.

Since so many students borrow to cover at least a portion of the cost, outstanding education debt now exceeds"Student loan debt is a major burden that follows borrowers around throughout every major financial decision, from moving out and buying a home, to saving for emergencies and retirement," Foster said.But there is another way. Experts say reducing the amount you borrow at the outset will go a long way to easing your long-term debt burden. Here are three ways to do that.

Year after year, high school graduates miss out on billions in grants because they don't fill out the FAFSA. Many families mistakenly assume theyIn addition to the gift aid offered by government and colleges and universities, there are many private scholarships available, often funded by foundations, corporations and other independent organizations.

 

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