3 Tips to Graduate College Debt-Free

College is becoming more and more of a necessity in the modern job market and more and more of an expectation from American society. However, jobs in some fields don’t have wages that are rising at the same pace that the interest rates on some student loans are rising, and a lot of college students are having to bridge the gap themselves.

In order to prevent yourself from joining those indebted masses, here are three things that you can start doing while in college so that you can graduate with little to no debt.

Start Building up Your Credit

This will not directly influence your debt or how much you have paid off or anything of the sort, but this will help you as you pay off your student loans in multiple ways.

Once you start to build up a solid credit score, the three major credit bureaus, as well as other major financial institutions, will be more likely to lend you any money that you may need to get out of an unforeseen debt. Furthermore, any other long-term loans that you will take out will have a lower APR because of your higher credit score.

All of this means that you won’t have to worry about your credit or your credit card debt as long as you start building up credit and properly taking care of your finances. That way, you can focus all of your energy and all of your income on paying off your student loans so that you won’t have so much debt when you graduate.

Take On Career-Building Jobs and Internships

The easiest way to get out of any debt is to increase your income. As a college student, there are valuable career opportunities afforded to you in the form of internships and unique student opportunities that won’t exist after you graduate, so take advantage of them while you still can.

Companies are more likely to take on someone younger that they can train so that the intern is likely to become a productive, happy employee rather than a college graduate who may leave the job for something better.

Take the chances that you are given as a student and take on jobs that don’t just pay the bills, but pay it forward for you and your career in the form of invaluable work experience and experience in perhaps a particular company that you may want to work for full-time after you graduate.

Only Take Out the Loans that You Need to Begin With

Some people enter college with an unrealistic expectation of how much tuition will cost, end up taking out more loan than they need, and have a debt to pay off that they should never have had to take out in the first place.

On the other hand, some people don’t end up taking out a sufficient student loan when they start their time at a university and then they have to take out multiple loans, whether it was because they miscalculated or whether it was because they had a change in career path that led to a change in the type of schooling needed.


While the latter sometimes cannot be avoided, you are perfectly capable of contacting your university and speaking to a financial advisor so that you have some kind of clue as to how much you should pay.

Some universities offer free calculators, but all offer these human employees who handle the finances. Before you take out any student loan, make sure that you are taking out a loan for the right amount.

While these three steps will not guarantee that you will graduate completely debt free, they can do nothing but help your situation and will never hurt you. Starting to practice good financial techniques while you are still in college will be critical to the success of your accounts after you graduate.