Comments on: How To Avoid Student Debt http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/ Where personal finance & frugal living are sexy, delicious, and fun. Thu, 09 Sep 2010 02:10:15 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Tyler http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/comment-page-1/#comment-32213 Tyler Mon, 26 Apr 2010 00:07:37 +0000 http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/#comment-32213 I agree with Jimmy. There is a very small percentage of people who are born into the convenience of "generous" parents and also have the ability to surpass their genius classmates to win a scholarship. I agree with Jimmy. There is a very small percentage of people who are born into the convenience of “generous” parents and also have the ability to surpass their genius classmates to win a scholarship.

]]> By: J http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/comment-page-1/#comment-10843 J Tue, 24 Mar 2009 18:42:02 +0000 http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/#comment-10843 I have to agree with Jimmy, that you should probably title this "How the middle/upper class can avoid student debt." Nothing to earth shattering there about getting your parents to help you out if they can. One good way to avoid debt for those in computer science or engineering is to do the co-op programme. University of Waterloo had 4 months of school, 4 months of work rotation, so after your first term, then your co-op term would pay for the next school term. That worked like a charm. :) I have to agree with Jimmy, that you should probably title this “How the middle/upper class can avoid student debt.” Nothing to earth shattering there about getting your parents to help you out if they can.

One good way to avoid debt for those in computer science or engineering is to do the co-op programme. University of Waterloo had 4 months of school, 4 months of work rotation, so after your first term, then your co-op term would pay for the next school term. That worked like a charm. :)

]]> By: WA SAWYER http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/comment-page-1/#comment-9577 WA SAWYER Tue, 24 Feb 2009 15:15:52 +0000 http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/#comment-9577 I talked to admissions at a very good grad school after being admitted and personally explained my need for a scholarship. I ended up with a part time work program 20 hs a week for a 50% tuition reduction. Over 2 years the savings were about 12000$. I had good grades and sold myself on a personal visit before classes started! There are many programs available if you have the right attitude, appearence ect. Some programs are not well publicized, but are available if you seek them out. Coupons, rebates and ebay are money saving and aquiring means. Learn a skill (fix computers, cars, paint or move houses) that you can get paid for doing part time - network like crazy! I talked to admissions at a very good grad school after being admitted and personally explained my need for a scholarship. I ended up with a part time work program 20 hs a week for a 50% tuition reduction. Over 2 years the savings were about 12000$. I had good grades and sold myself on a personal visit before classes started!

There are many programs available if you have the right attitude, appearence ect. Some programs are not well publicized, but are available if you seek them out.

Coupons, rebates and ebay are money saving and aquiring means. Learn a skill (fix computers, cars, paint or move houses) that you can get paid for doing part time – network like crazy!

]]> By: Stacey http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/comment-page-1/#comment-2398 Stacey Tue, 12 Aug 2008 00:52:53 +0000 http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/#comment-2398 A bit late to comment, but... I've got to recommend the last tip, getting a part-time job. I worked on- and off-campus for all four years of my undergrad degree, about 20 hours per week total. Income went directly into my student loans. Over the course of 4 years, I paid off $14,000 in student loans - earning $6,000 per year. It's amazing how little you can spend when you're 18 and living in a dorm room! Now that I have a family and a mortgage, there is no way I could be attacking my student loans so agressively. I still have $8,000 in loans left, but it's much better than being socked with $22,000 in student loans! A bit late to comment, but…

I’ve got to recommend the last tip, getting a part-time job. I worked on- and off-campus for all four years of my undergrad degree, about 20 hours per week total. Income went directly into my student loans.

Over the course of 4 years, I paid off $14,000 in student loans – earning $6,000 per year. It’s amazing how little you can spend when you’re 18 and living in a dorm room! Now that I have a family and a mortgage, there is no way I could be attacking my student loans so agressively.

I still have $8,000 in loans left, but it’s much better than being socked with $22,000 in student loans!

]]> By: matt http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/comment-page-1/#comment-1003 matt Wed, 14 May 2008 15:49:27 +0000 http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/#comment-1003 Once you do have a pile of debt, you can look into student loan forgiveness programs. For example, if you teach in a Title 1 school for 5 years, you can have up to $17,500 in student loans forgiven. There are some really amazing programs out there - just do some looking in to "student loan forgiveness" Just make sure the site is reputable (check with your loan provider to be sure). Once you do have a pile of debt, you can look into student loan forgiveness programs. For example, if you teach in a Title 1 school for 5 years, you can have up to $17,500 in student loans forgiven. There are some really amazing programs out there – just do some looking in to “student loan forgiveness”
Just make sure the site is reputable (check with your loan provider to be sure).

]]> By: Jimmy http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/comment-page-1/#comment-540 Jimmy Fri, 28 Mar 2008 20:31:41 +0000 http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/#comment-540 Most of your advice is smooching off your parents, or "getting a scholarship" - both are useless for students who are unable to do this. Most of your advice is smooching off your parents, or “getting a scholarship” – both are useless for students who are unable to do this.

]]> By: Could I Have Avoided Student Debt? — Broke Grad Student http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/comment-page-1/#comment-246 Could I Have Avoided Student Debt? — Broke Grad Student Thu, 06 Mar 2008 13:03:17 +0000 http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/#comment-246 [...] tell from the title of my blog, I have quite a bit of student debt. I recently read an article on how to avoid student debt by Squawkfox, and it made me wonder if I could have avoided student debt had I followed her advice [...] [...] tell from the title of my blog, I have quite a bit of student debt. I recently read an article on how to avoid student debt by Squawkfox, and it made me wonder if I could have avoided student debt had I followed her advice [...]

]]> By: Festival of Frugality - #112 http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/comment-page-1/#comment-58 Festival of Frugality - #112 Tue, 12 Feb 2008 13:39:37 +0000 http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/#comment-58 [...] writes about how to avoid student debt by saving [...] [...] writes about how to avoid student debt by saving [...]

]]> By: Education Roadmap » Avoiding a large student debt http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/comment-page-1/#comment-46 Education Roadmap » Avoiding a large student debt Fri, 08 Feb 2008 09:15:40 +0000 http://www.squawkfox.com/2008/02/06/how-to-avoid-student-debt/#comment-46 [...] Source [Squawk Fox] [...] [...] Source [Squawk Fox] [...]

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