If you’re currently in college—or if you’re a parent who’s taken out dreaded Parent PLUS loans—you’d love for a hero in a red cape to swoop down and tell you how to slash your student loan debt.
The hero is here.
1. Slash your student loan debt by applying for scholarships while you’re in college.
Oh—you thought that students could only apply for scholarships during high school?
It’s not true. Sorry—you’ve been given bad information that could cost you and whomever you marry massive amounts of unnecessary debt. Bad information that could compound your parents’ grief if you die unexpectedly.
Here’s the truth. Students can apply for scholarships while they’re in college, and while they’re in grad school.
2. Apply for 10 scholarships every single year during college and grad school.
Knocking out 10 scholarship applications each year is actually easy.
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So, your kid just got into graduate school or medical school. That’s great! Now you’re wondering, “What can students do to get their grad school paid for?” Here are the 12 ways to get grad school paid for that I give to my clients at GetIntoMedSchool.com.
Share this article with a student whose financial future you care about!
1. Try to become an employee of the school you got into.
Call 10 different numbers at the school you got into, and try to become an employee of that institution. Keep trying. Maybe you become a teaching assistant for an undergraduate course, or maybe you serve food, or maybe you work in the university’s daycare center, as my friend Susie did years ago at the University of Minnesota. One of your employee benefits may very likely be reduced tuition. Ask the school you got into if this is ever done. If you want to get your grad school paid for, this should be one of the first strategies you try.
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