Worried about your student loans debt? Here’s how you can minimize your student loan debt in 5 ways.
Maximize other funding sources- Look for other funding sources such as Grants, Scholarships and awards before opting for a student loan.
Start a part-time job- Apply for a part-time job to earn an income that can be put towards the payment of tuition fees and other expenses.
Minimize living expenses- It may seem fascinating to rent a luxurious off-campus apartment or eat out every night, but avoid unnecessary expenses whenever possible.
Borrow only the required amount- The more you borrow, the longer it will take to pay off. Consider opting for the needed amount only.
Understand the repayment - Student loans need to be repaid through repayments. You must know how and when you will need to pay back as repayment vary for different student loans.