Borrowing more than you can comfortably afford to pay back is setting yourself up for a difficult financial future.
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Saving for college is one of the best ways to help manage costs.
While many students need to borrow some money to pay college expenses, you may be able to reduce the amount you need to borrow — and pay back, with interest.
Extra semesters spent in school can significantly increase any student loan debt that you will need to pay back in the future.
If a student in your life is headed to college, they may be relying on financial aid to cover some or all of the cost of attendance, including federal or private loans.
Working part time during school or while on breaks, instead of focusing only on leisure activities, can help improve your financial situation by adding income to your budget.
Use your college's cost of attendance information, your financial aid award packet and your saving and earnings to project your total estimated cost for a four-year undergraduate degree.
Using credit cards too much in college could equal debt to repay later. Smart use of credit cards now will pay off in the future by reducing your debt.
Before you or your student take out any loans for college, you first need to figure out exactly what amount you might need to borrow.
Small changes in your daily habits can have big impacts on the extra cash you have available every month.
Each major has its own job prospects, earnings potential and maximum suggested student loan debt.
How much money should you borrow in student loans when attending college?
College visits are a great way to learn more about a specific college, its programs, and college life, as well as determine if it is the right fit for your student.
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