I’ve estimated that, if I do nothing, I will have about 70,000 (after capitalization of interest and such) dollars in debt after college. What can I do to decrease this? Are there any specific scholarships that you all would suggest, or internships? I have a job right now and have expressed interest in being full time this summer, and I am looking at other jobs to supplement that (because I know my current employer won’t put me at full time, but may increase my hours). Anything else I should do?
Thanks.
If you’re at a public OOS, try and apply for in state tuition after your first year. That may save you several tens of thousands of dollars. If you’re at a private university, you’re out of luck there.
You’ll need to look into high paying summer jobs or so. Something at maybe $15/hr or higher.
State Farm has good internships to check out that pay that or higher. It depends what region you’re from though.
Well, first of all, if you’re graduating with 70k in debt from undergrad, you chose the wrong school (financially.)
What you can do to make a dent in your debt is to try to generate money consistently (easier said than done) - make sure you get summer employment each and every summer and work consistently. It doesn’t have to necessarily be high paying (though it is better if it is) - just make sure you’re working as much as you possibly can. Try to get a part time or work study job on or near campus during school; the higher paying the job the better so long as it doesn’t detract from your studies. You can supplement this income by doing temporary/quick bucks type gigs or you can do free lance tutoring/tech repairs if you’re computer savvy/etc - try to be entrepreneurial and put yourself out there.