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Six Financial Tricks for Getting Out of College Debt-Free

Dec 1, 2016

Contrary to popular belief, it is possible to get through college with no debt. That means no student loans, no credit cards, and no signature loans. 

Most people opt for the easy way out and get student loans. However, if you utilize the following tips, you can get through your undergrad and get your graduate degree with no debt. Be smart and do your research before jumping into any future financial decisions.

Grants and Scholarships


Pell grants, scholarships, and other types of grants are out there for the taking. Pell grants are easy to get and you can apply to get these when you go through the traditional student aid process and file your FAFSA. 

Scholarships and other grants take a lot of hard work. You have to complete applications, write essays, and pay attention to deadlines. If you are willing to put in the work, you can get a lot of money from these sources. 



Even your school might offer academic scholarships, so see what you can do to improve your grades and application process.

Work Part-Time


Most full-time students choose not to work full-time so they can concentrate on their studies. This is great, but you aren't going to be able to get through school with no debt unless you pick up some kind of part-time employment. 

Just keep a close watch on your schedule so you don't miss a shift at work or blow off an exam or paper. Work-study opportunities are available at most universities as well. These mean you work for the university and instead of getting a paycheck that work goes toward your tuition in some way.

Online Classes


Online classes are a great option if you need a flexible schedule so you can work. You can work on your online coursework at night, on your lunch break, or on the weekends. Plus, you don't have to buy gas for the commute or coffee at the cafeteria to wake you up, so you save money there.

Evening Classes


If you have to work full-time, pick up a few evening classes so you can finish your degree faster without interfering with your work schedule. 

You can go straight from work to school, and use any extra time before class starts to study in a quiet area. It can be tiring, but it will be totally worth it once you have that degree in hand.

Military ROTC


If you are a good fit for the structure and rigors of military life, talk to the ROTC recruiter at your school. ROTC will give you a full scholarship to pay your tuition, plus you get a monthly stipend to help cover some living expenses. 



All you have to do is commit to a few years of active military service after you graduate. Plus, a military career as an officer has options for you to finish a Master's in a military history degree, business administration, or other disciplines with no debt.

National Guard


Interested in the military but want to fulfill your military service obligation while you are in school? The Army National Guard or Air National Guard is your best bet. 

You are given free tuition in most states at select schools, plus a Montgomery GI Bill monthly stipend so you graduate debt-free. In addition, you earn a monthly paycheck for attending monthly Unit Training Assemblies and an even bigger check in the summer for attending annual training. 

You can also take advantage of extremely low cost medical and dental insurance options through Tricare Reserve Select and the Tricare Dental Program. And your enlistment will end when you graduate school in many cases. Contact your local Army or Air National Guard recruiter for more details.

Getting a degree can be done without going into debt. Just use a few of these ideas to help you make a smarter financial decision as you prepare for college. With the right tools and experience, you can get through your schooling without a cloud of debt following you.

1 comment

  1. Thanks for sharing these great tips. Unfortunately, many people today drown in a student loan debt and don’t know how to get out of it. I am sure that if you have a massive debt then you must make a plan and follow it step by step. It’s important to work hard and use every opportunity to make extra money. Be realistic and see if your job allows to save enough to get out of college debt. If no, then changing a job may have sense. You can read Chicago resume writers reviews to boost your chance to get a well-paid job. Good luck!

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