This post was orginally published on https://www.forbes.com/sites/robertfarrington/2022/06/24/how-to-pay-for-college-without-student-loans/?sh=507bded259d9
If you’re currently enrolled in college, planning to start college this fall, or you are approaching college age, you’re right to worry about the future of student loans. After all, college costs keep going up every year, and all the proposed “fixes” seem to deal with having debt forgiven instead of dealing with the source of the problem.
The government is busy coming up with more solutions to the college debt crisis. In fact, the Biden administration seems to be mulling over a forgiveness plan that would erase up to $10,000 in federal student loan debt per borrower. The thing is, those who are struggling to pay student loans the most tend to have a lot more than $10,000 in student debt to begin with. Not only that, but forgiveness is only expected to apply to federal student loans (and not private student loans), and income caps will limit who can qualify.
With all this in mind, wouldn’t it be great to pay for college without having to take on any student loan debt? While earning a debt-free degree may not be easy, several experts I spoke to said it’s still possible to pay for college without any loans. At the very least, the tips shared below could help you graduate while keeping student loan debt at a minimum.