Minimize Student Loan Debt: Many adults today are still burdened with student loan debt. A large percentage of these adults are also unsure of their ability to ever pay off the debt. Student loan debt is a common reality for a lot of people, but there are ways to minimize student loan debt for students or at least decrease the debt to a reasonable pay off.

Learn Here: How Students Can Minimize Student Loan Debt

Very few students can afford the full cost of college/technical school, and even less can afford even a fraction of the cost. Financial aid, which is money that is used to help pay for higher education, can include grants, scholarships, work-study, and/or loans. Financial aid eligibility is determined by factoring household income. This includes the income of their parents or any person that takes care of the student. Whomever claims the student on their federal taxes is the person whose income is heavily weighed for their eligibility status for financial aid. It is important to explore all options when it comes to getting financial aid. The goal is to be debt free or leave college with as little debt as possible. Have students start looking for financial aid as early as while you are still in the 9^th grade.

To avoid student loan remorse, start working with your students to explore options early and making sure they understand the terms of the various financial aid options available. Doing this can break the cycle of adults with enormous student loan debt that most cannot afford to pay back.