Budgeting can minimize your student debt
Michelle Marchante/Opinion Director
Debt is every student’s worst nightmare. It’s the monster that hides under your bed —the Chuckie of college life— but it can be combatted and eventually defeated. You just have to play it smart.
According to the University’s Financial Aid Office, the two most common loans found among students are the Federal Stafford Unsubsidized loan, where interest fees start the moment the student accepts the loan and the Federal Stafford Subsidized loan, which is need-based and is the most ideal for students as no interest is charged until graduation.
While the total amount of the debt makes it difficult for the student to pay it off, the rising interest makes it harder. However, there are ways to budget your money so that you can start paying it off before you graduate.
To read the full column, please click here.