The average student loan debt in 2014 was nearly $30,000. A college education is just plain expensive and loans are more the rule than the exception. Still, most experts recommend that your total loan debt should not exceed the amount of money you expect to earn in your first year after graduation. If you only expect to make about $30,000 your first year of your career, that means you should only take out about $7,500 in loans each year!
Fortunately we have some strategies and tips for students looking to reduce the amount of debt they take on. Read on for tips on getting more money for college.
Also read: ET Deals: Save 44% on Amazon Echo