1 Amazingly Simple Way To Cut Student Loan Debt That No One Thought Of – Until Now

"Think about this statement for a minute: Education can reduce student loan debt," The Motley Fool reports.

"Last year, the seven colleges making up the Indiana University system sent letters to students giving them a sneak peek at their post-graduate monthly loan payments. The missives were a wake-up call for many, who decided against taking out additional loans, according to Bloomberg. Overall, the university system saw an 11% decline in the amount of federal Stafford loan disbursements, which fell by about $31 million over the course of the academic year. …

Can students be 'taught' to avoid onerous student debt? The answer seems to be a resounding, 'yes'. The Bloomberg article noted that some students, upon seeing how much debt they were accumulating, came up with alternate plans to fund their college careers – by cutting expenses, dedicating more income from work toward college costs, or by investigating available scholarship opportunities. ...

If you already have student loans, get a handle on what they are and how much you owe by visiting the National Student Loan Data System. And, before you take out any more loans, research alternative methods to cover your college costs. Thoughtful consideration has worked for others, and it can work for you, too."

NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.