10 Great Ways to Minimize Your Student Debt

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10 Great Ways to Minimize Your Student Debt

A college degree can be exceptionally expensive. However, in most cases, it is still a worthwhile investment, which can lead to a rewarding and well-paid career upon graduation.

Even for those already working within their field of interest, taking on further education, such as an online masters in political science from George Washington University, can give your career a great boost and give you more options for the future. If you are worried about debt, there are some easy ways to avoid or minimize it.

Win Scholarships


Scholarships are funding from your college, a local business, or another institution, which pay for all, or part of, your tuition. Each scholarship has different criteria applicants need to meet. It may be based on where you live, what grades you get, sports you play, or your family’s financial situation.

Apply for Bursaries and Grants


Like scholarships, you should apply for any grants you may be entitled to, as you don’t have to pay them back, even after you graduate. Some grants are available to those in need, whereas others are offered for specific courses. Speak to someone at your college or school if you need help applying.

Study Online


Online study, such as an online political science masters, is often cheaper than in-school study. It also allows you to study more flexibly around a job.

Get a Part-Time Job


Whether you are studying online or in school, getting a part-time job can provide you with valuable experience, which could help you get a job once you graduate, as well as helping you to avoid debt.

Start a Blog


Starting a blog is a fantastic hobby and a great way to meet new people and learn new skills. It can also earn you money. Some ways to earn through your blog include, advertising, guest posting, and affiliate marketing.

Work as a Freelancer


Working online as a freelancer is a great way to make extra money. If you are a skilled writer, photographer or designer, there will be someone out there who is willing to pay for your time.



Walking instead of getting the bus or driving will help you keep fit and healthy. It will also save you a lot of money over the course of a year.

Cut Your Food Bill


Most of us are spending a lot more than we need to on our food shop. Make meal plans for the week and a shopping list, and then stick to it.

Switch Suppliers


Next to food, this is the easiest way to save a lot of money. Don’t just accept the first contract that comes along. And don’t stick because it’s easy. Shop around for the best deals.

Make Gifts and Cards


Making gifts and cards for special occasions is a great way to save money, especially at Christmas when there’s a lot to buy all at once. If you’re talented, you could even open an Etsy store to sell your creations to others.

Tuition fee costs can be overwhelming, but take the time to apply for any aid you’re entitled to and then start getting into frugal habits early on.

Photo courtesy of: maura24

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Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at or follow her on Twitter @shoeaholicnomor.

1 Comment

  • Kathy says:

    Good tips. I’d add take some of the basic pre-requisites at a community college during the summer at the cheaper tuition rate. Just make sure that the credits will transfer to your university. And not everyone needs to go to college. Vocational education seems to have a bad rap, but I find them be absolutely essential for the student who doesn’t need or want a 4 year degree. Many programs are finished in 2 years and the student cost is much lower. Plumbing, electricity, auto mechanics, HVAC and even child care or culinary science are all taught at vocational schools and have the ability to give the student a great employment outcome.

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