How to Avoid Student Loan Debt
Student loan borrowers in the United States currently owe a whopping $1.75 trillion in student loan debt! As the costs of college continue to increase and more students get stuck in the debt trap, many are looking for new ways to afford a degree.
Luckily, there are alternatives. In fact, 94% of Accelerated Pathways’ students graduate completely debt-free!
Check out these top 3 ways you can avoid student loan debt and get a head-start in life.
1. Choose an affordable degree
With so many college options available today, there are more opportunities to reduce the costs of college while still getting a high-quality education. For example, choosing an online degree program can cut the most significant costs of traditional college like campus fees, equipment charges, textbooks, etc.
At Accelerated Pathways, we offer low-cost online courses that are regionally accredited. That means you can easily transfer your credit and graduate from your college of choice while saving a ton of money. Our academic advisors can find affordable degree paths for any educational goal. They create custom side-by-side degree comparisons to help students see which degree plan is most affordable and find ways to graduate completely debt-free.
2. Work while studying
Working full-time or part-time while attending college is another great way to avoid student loan debt. If you can pay for college as you go, instead of taking out loans to pay off large lump sums, then you’ll be way ahead of the game.
Working while studying is also a lot easier if you’re taking self-paced, online courses. We give students the flexibility to study around their work schedule—anytime, anywhere. You can also start courses whenever it’s convenient for you, instead of having to wait for a semester start date or course schedule.
Before you know it, all your hard work will pay off because, once you earn your degree, you can qualify for a promotion, a new job or higher pay. The difference is now you don't have to pay off student loans with your earnings or spend decades recovering your opportunity cost.
3. Take advantage of your employer’s tuition assistance
Did you know that many employers provide educational benefits as a way to help their employees earn a degree? This is an excellent way to subsidize your education and avoid student loan debt.
If you’re planning to work while attending college, then consider getting a job with an employer who offers tuition reimbursement assistance. On average, companies provide around $6,000 per employee per year.
Already have a job? Ask your employer if they offer tuition assistance. If you’re looking for a job, check out these employers who offer educational benefits. By learning how to take advantage of your employer’s education benefits, you can earn a low to no-cost degree.
We started Accelerated Pathways because we believe college shouldn’t be a debt sentence. Our goal is to help students find the most flexible, affordable degree path possible and graduate completely debt-free.
Ready to learn your options and avoid the student loan trap? We’re here for you! Check out our easy degree pricing.