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Question about good tips to be able to afford college

Good afternoon,
I would like some advice in how to be able to afford college without owing a lot of student loans.

Thank you,

Astrid Herrera

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2 Answers


Steve Schwartz

I think you would benefit a lot from talking with me. Let's have one session together and if you think it is of value, then we can do more. My number is 310-989-0355

I worked in the real estate field for 30 years and have a lot of advice for you.

One of my earlier positions was at the Chase Bank in New York after I had completed my MBA from Columbia University and had worked at Chase for 5 years as a corporate lending officer. At that time senior management asked me to become Manager of the Corporate Lending Officers Training Program, a very coveted position at the bank. I was responsible for the training and development of twenty corporate lending officer trainees- graduates from top colleges -into competent Chase commercial bankers.
Over the years I have had a great interest in mentoring young people- I can send you a copy of over 10 thank you letters I received from different people I have mentored. I was also a Career Mentor at the West Hollywood Library Vocational Center- please see the memo I put together when I delivered lectures at the vocational center. I have also done a good deal of teaching on a pro bono basis at local schools.

Answered 1 year ago

Steve Schwartz

Amy Finsky

Hi Astrid,
This is an important question and it's great you're thinking about this before starting college. While I certainly didn't get out of college debt-free, here are a few things I did that helped me pay off some tuition (and rent) while in school:
-Worked part-time in restaurants and catering (usually employed at 2 places at a time to ensure I'd get shifts, good cash working nights/weekends). Any part-time (or full-time) job is going to be very helpful during college, even if it's only covering living expenses, because the interest on student loans does add up. Plus, you can often meet some friends at these jobs, some of which could be life-long.
-Was a Resident Advisor (RA) for one year - this provided me free residency in a dormitory and free cafeteria plan
-Lived off campus - if you own a car and parking isn't too expensive on campus, it can help to live off campus to save $ on rent. Rentals are generally more expensive the closer you are to campus.
-Applied for scholarships - I didn't get every one I applied for, but by maintaining good grades I was awarded $2k-$3k in scholarships. It might not sound like a lot considering the total cost of college, but every bit makes a difference!

Once you have graduated, if you have student loans you can help pay them down faster by: living at home/\with roommates, living frugally most of the time, and using public transportation (if available). Since rent is often the highest cost, living at home/with several roommates is the best way to lower your fixed costs so you can focus on making larger loan payments.

Best of luck to you!

Answered 1 year ago

Amy Finsky