March 31st, 2020

Scholarships minimize college debt

Mary Grace Capps
I believe the most important thing I can do while in college to start off financially stable with minimal debt is to apply for scholarships. Scholarships are often very easy to apply for and can only help me. Since scholarships do not have to be paid back, I will not be accumulating debt for those amounts while paying for my education.

While in college, I know I need to get a job if possible. If my class schedule does not allow me to have enough time to devote to a job during the school year, I will need to plan to get one over the summer to help pay for my expenses. Sometimes a typical job may not be the answer. Internships may not sound like a good idea to some young, college-aged people who are looking for a job that pays well; however, internships that are specific to a my major will offer valuable work experience and may help me to get my foot in the door for a job in my field of study. This will help me to be able to get a paying job once I graduate.

It is very important for me not to get a credit card. I do not want to have to pay off a big debt when I get out of college. Credit card companies target young people because they do not yet have debt, and they need money. Many young people see it as a way to get what they want when they want it without thinking about the interest and finance charges that are accruing. However, I refuse to fall into this trap because I do not want to start off my adult life in debt.

Mary Grace Capps, 2013 Graduate of Davidson Academy

Category: College Bound

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