There are several ways to minimize student debt.
Spend Your Money on the Right Things
Even if loans look like “free money” now, they have to be repaid, even if you file bankruptcy. Don’t borrow more than you need, and use your student loans only for tuition, books, housing, food plans, etc. – not social outings, new clothes, or video games.
Borrow Only What’s Required
The amount of student loans you borrow should commensurate with the type of salary available once you obtain your degree. Borrowing more than you need to fund an extravagant campus lifestyle could become a serious indebtedness problem later. You’ve heard it before…”live like a college student NOW so you don’t have to later”. To determine what an affordable loan payment and debt would be based on your expected income, use the Student Loan Calculator.
Fund Extras with a Job
If you want to fund a social life, it should be done with a part-time job, not with federal student aid. Adapt the “pay now” policy for nonessential purchases so you don’t have to pay for them later, with added interest. If you are looking for a part-time job, check out the NDSU Job Board.