How to keep stu­dent debt af­ford­able

Antelope Valley Press (Sunday) - - Business -

Re­gard­less of whether you at­tend one of the above schools, choose a col­lege that en­ables you to keep stu­dent loan pay­ments man­age­able.

As a rule of thumb, limit col­lege bor­row­ing such that fu­ture monthly pay­ments don’t con­sume more than 10% of your pro­jected in­come. A stu­dent loan af­ford­abil­ity cal­cu­la­tor can help you make this es­ti­ma­tion.

Then, look for rel­e­vant pro­grams that are rel­a­tively low-cost or award enough schol­ar­ship money to off­set your out-of­pocket ex­penses.

This ap­proach isn’t as fun as be­liev­ing your dream school is price­less. But you’ll thank your­self when pay­ing the monthly stu­dent loan bills in the fu­ture.

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