Advertising
Advertising

7 Tips For Taking Out Student Loans Right

7 Tips For Taking Out Student Loans Right

One of the hot debates in recent years has been over the true value of a college degree. It still remains the most viable way to have a good career with decent compensation, but the rising cost of college tuition has put the cost–benefit question to the forefront.

Students these days are leaving college with a mountain of debt. Student debt is now estimated at over one trillion dollars. Graduates are also heading into a tough job market to boot. Paying back student loans can be easier with some forward thinking. Here are seven tips to keep your student debt manageable:

1. Keep Debt No More Than Your First Job’s Salary

A good rule of thumb when you take out student loans is to have the total amount of debt not exceed your first year’s salary when you get into the workforce. When you decide what to major in you can develop a good idea of what a starting salary will be. Whatever you rack up in college debt should not exceed this.

Advertising

Students will eventually be working in the real world. Things like rent, car payments, food and utilities will need to be figured out as part of monthly budgets. College debt will be part of that budget. Having a debt payment you can afford will be essential in your future.

2. Choose Federal Loans Over Private Loans

Federal student loans traditionally have better rates than private ones. The loans are subsidized by the federal  government. Private loans are provided by banks, credit unions and lending institutions. Federal loans have advantages that can help with repayment.

Federal loans allow a grace period of repayment after you graduate. Private loans may not offer this. Federal loans also offer deferments if you are faced with situations that affect your ability to pay. Options like these are at the discretion of individual private lenders.

Advertising

3. Choose a Career in Public Service

Some positions in public service have incentives that assist in making student loans easier to deal with. Occupations like teachers, fire fighters, and law enforcement can be subject to these options. One example is the Public Service Loan Forgiveness Program, made effective October 1, 2007. If you make 120 full, on-time, monthly payments to your student loan while working full time in the public service, the balance of your loan will not need to be paid.

4. Go to Community College

Many local community colleges are able to provide quality education at a lower price than private schools. This is another thing to think about when taking out student loans. If you plan on getting a four-year degree, think about going to community college for the first two years. Look at the criteria of transferring to a four-year school before enrolling.

5. Plan Your Course Load

One thing to plan for when taking out student loans is your course load. What will be your status, full time or part time? If part time, you may not be eligible for full or even only partial financial aid. If you work and go to college part time, you may be responsible for more out-of-pocket education costs than a full-time student.

Advertising

Know what courses you will be taking and when. Many majors have a course sequence where select courses are only offered in the spring or fall semesters. Make sure your course load is on track with anticipated completion dates so there are no outstanding courses you need to take to finish your program.

6. Cut Costs

For young students starting out, graduating and going into the world of work may seem far off. It’s something they may not give much thought to with college requirements taking up their present mindset. Thinking about student loans that have to be paid after completion of college doesn’t seem like a priority.

College costs are an obligation that must be repaid. It’s only after graduation that the true realization of this may hit. To minimize the size of your debt and the possible shock associated with it, cut costs during your academic career. If you are able to minimize the need for student loans it will serve you well in the future.

Advertising

7. Find Work That Works

One of the ways students have found to lessen the need for taking out large student loans is to find work. This can range from regular paid jobs to work-study programs with the school. Money made can help with expenses and even go toward tuition.

Working can be great but find something that works with your schooling. Get something that has flexible hours around class to help with scheduling for class and life. Find employers that have access to cost-effective transport.

College is still arguably the best option for securing and maintaining a successful career. But taking out student loans the smart way can help in the years ahead.

Featured photo credit: Simon Cunningham via lendingmemo.com

More by this author

7 Tips For Taking Out Student Loans Right 7 Ways To Easily Get Noticed During A Job Search Why You Can Get Any Job With Your Current Experience The Real Differences Between Short-Term Verses Long-Term Happiness 10 Questions You Should Ask When Facing A Tough Career Decision

Trending in Money

1 Want to Get Free Product Samples Like Bloggers and Beauty Gurus Do? Read This. 2 8 of the Best Places to Buy Used Goods Online 3 How To Pay Off Credit Card Debt Fast: 7 Powerful Tips 4 How To Make a Million Dollars in 7 Steps 5 7 Cheap but Powerful Products That Can Help Your Waste Less Food and Save Money

Read Next

Advertising
Advertising
Advertising

Last Updated on February 11, 2021

Want to Get Free Product Samples Like Bloggers and Beauty Gurus Do? Read This.

Want to Get Free Product Samples Like Bloggers and Beauty Gurus Do? Read This.

Imagine receiving a regular supply of free samples through your letterbox?

These free samples by mail could include things such as cleaning products, cosmetics and packaged food.

Free samples are a great way to try out some of the latest products. One week you may have a new toothpaste to try – the next week you may be snacking on a delicious chocolate cookie sample.

As the saying goes, variety is the spice of life. And by requesting free samples by mail (I’ll show you how shortly), you’ll have not just variety – but fun too!

Tell Me More About Getting Free Samples Sent to My Door!

So, it looks like I’ve caught your interest. That’s great news!

Just before I introduce you to 10 places where you can get free samples by mail, let me clarify a couple of things.

Firstly, all the places I’ll talk about are currently active in sending out free samples to consumers. (In other words, no links to out-of-date or dead pages!)

Advertising

Secondly, location is key. If you live in North America, then you’ll have a wide selection of places to sign up to. In other locations (for example, Africa, Asia and Europe), you’ll have fewer choices – but free samples by mail are still a possibility.

Lastly, to whet your appetite for the freebies, here’s a short list of product examples:

  • Pet food.
  • Beauty products.
  • T-shirts.
  • Greeting cards.
  • Wallets.
  • Snack bars.
  • Vitamins.

Free Samples by Mail… Tell Me Where to Get Them!

It’s now time to share my recommendations for the best sites to claim free samples from.

Let’s start with…

#1 SampleSource

    This company sends out boxes of 6-12 free samples about four times a year. Products include baby wipes, cereals and tissues. Register with SampleSource to be notified of the availability of their free samples. (Canada and U.S. only.)

    #2 Influenster

    Advertising

      As their name suggests, Influenster wants to send free samples to you in exchange for you sharing about the products on your social media accounts. Once you’ve become a member (join for free!), they’ll send you a box of free goodies every few months. The more you share pictures and reviews of the products – the more free samples they’ll send you! (All major territories.)

      #3 PINCHme

        This organization will send you free samples in the hope that you’ll then go out and buy the equivalent full-size products. To receive regular boxes of free food, drink and cosmetic samples (and sometimes coupons), then sign up and create your profile. (U.S. only.)

        #4 House Party

          Thinking of throwing a house party? If yes, then be sure to sign up with this company. They’ll send you a box of ‘themed’ products and services that you can hand out at your party. Register with House Party. Wait for the fun freebies to be mailed to you. And then start sending out your party invites! (Worldwide.)

          #5 YoFreeSamples

            This site is a great resource for a whole host of free samples that can be mailed directly to your door (with no survey requirements!). You’ll find anything from books to perfume, with new offers listed daily. Head over to their site to see what’s currently available. (Mostly U.S., with occasional offers for other countries.)

            Advertising

            #6 Magic Freebies

              The U.K.’s most popular freebie site. Register for their email newsletter, and they’ll send you a daily email with eight free sample offers. These include products such as disposable razors, dog bowls, and even fake tan! So, what are you waiting for? (U.K. only.)

              #7 SweetFreeStuff

                Since 2002, this simple site has been linking to the best free sample offers currently available. To get started, sign up to their daily email newsletter, which contains links to the latest offers. As well as free samples, SweetFreeStuff also gives information on coupons and deals. (Worldwide.)

                #8 Sample A Day

                  Would you like to receive a notification of a new free sample every day? Well, that’s the promise from this site. They claim to thoroughly research all offers, ensuring there are no catches or hidden surveys! From baby products to socks, this site is sure to have something for you. Registration is super-easy. Simply enter your email address. (Australia, Canada, U.K. and U.S. only.)

                  #9 Pretty Thrifty

                  Advertising

                    This site specializes in free beauty products, but also lets you claim free samples such as energy drinks, snack bars, and even magazine subscriptions. Pretty Thrifty has more than 85,000 followers on social media, so clearly knows how to attract free sample hunters. One thing that makes Pretty Thrifty stand out from most of their competitors, is that their email newsletter is available in daily, weekly and monthly formats. (Mostly U.S., with occasional offers for other countries.)

                    #10 CrazyFree

                      My final tip for getting the best free samples by mail, is Australian company CrazyFree. Their funky website offers big brand free sample offers, which currently include items such as Dolce & Gabbana perfume, Coke Zero, and Happy Dog pet food. To claim the offers, select the free samples you would like, and then complete their registration form. (Australia, U.K. and U.S. only.)

                      Receiving regular free samples by mail is a fabulous way of testing out the latest products on the market (and some that aren’t even on the market yet!)

                      You’ll impress your friends and family with all the free stuff you’ll be receiving. And take it from me… it’s a fun, free and rewarding hobby.

                      Read Next