How to Avoid Student Loans: My Personal Story

Student loans are a huge problem in the U.S, and many students should be looking for ways to save money on college tuition.

I managed to graduate without taking out any student loans, and I want to share how I did it so you can see if any of these ways work for you.

Even if you still need to take out some loans- any bit you save on college tuition can save you a lot of money in interest down the road.

How To Avoid Student Loans

I got my B.A and Masters without taking a drop of student loans, and no, my parents did not pay for all of it either.

I also did not do the “traditional college experience,” which many people would not be willing to forgo. (There are alternatives to college that may be worth looking into- I did do “real college” but did not do the regular college experience).

Was it worth it? Maybe. It’s hard to say. But I wanted to share with you how I did it.

HOPE scholarship/In-state school:

I grew up and went to High School in Georgia, which made me eligible for the HOPE scholarship. I had to attend an in-state college which limited the colleges I could even consider.

However, the scholarship amount was too good to pass up. Other states offer similar programs as well: Florida, New Mexico, West Virginia, and Tennessee all have similar scholarship programs.

More states offer significant financial and student aid to those who meet their requirements and stay in-state for school.

HOPE covered the bulk of my tuition and was the biggest contribution to my college expenses. A simple google search can help you find out if your state offers a similar program.

Living at home:

Since I went to an in-state college, I decided to live at home rent-free for most of my college career.

My parents were kind enough to let me live rent-free at home, which significantly reduced the amount I had to pay in housing, food, and even entertainment costs.

I did have to buy a car to do the commute. I found a $4,300 car (ten years old). It took a hefty amount of my savings at that point but was a great investment. It lasted for me for 5 years.


I got a job before I even started college. It was not easy and quite stressful at times. I was lucky enough to be able to arrange my school schedule to accommodate work and vice versa, but there were times where I was running back and forth:)

I also took some online classes, which allowed me to have even more flexibility. I used the money from work to pay for whatever HOPE did not cover and my books and other fees.

I was also able to put some money into a ROTH IRA and start saving up for graduate school. I completed my B.A. not only with no debt but with money in the bank and a car.

Summer and Mini-mesters:

With my CLEP and AP credits, I had quite a few of my non-major credits completed. The first summer, I decided to knock more out.

Since I worked in a school during the year, I took advantage of the summer semester to double up on my classes. I took 24 credits.


I took 4 courses (the limit I was allowed to enroll in according to the University) and then took another 4 in community college. Then I transferred them over. It took some research to make sure that all the credits I took at CC would transfer properly. A few of those courses I took online as well to lessen the physical workload.

Mini-mesters are a small semester tacked on during winter or spring break. They usually consist of enrolling in one class all day for one week. It’s a great way to get a specific course or pre-requisite in.

What is the purpose of stuffing so many credits into a short period of time?

While colleges charge per credit, they also charge certain fees per semester.

Every semester you spend in college will cost you more. By taking fewer semesters in school, you will save yourself a significant amount of money. In my University, mini-mesters did not have separate semester fees, so you only paid for the actual credit.

Used Books:

Textbooks are expensive!! I used a variety of used book stores, rentals, etc., to buy whatever I could second-hand. I looked at message boards from former students and emailed professors to see how important it was to have a newer edition of a textbook.

In many cases, an older edition had no significant differences and was half the price. After the semester was over, I tried to sell many of the textbooks again. Some I was able to, some I was not. I did not recoup the price at all! But every little bit helps!

My college experience was not traditional at all. I am not sure if that made an impact on my life today. Maybe yes, maybe no. There is no way to know.

I do know that no one has asked me in a job interview about the details of my college experience as it pertains to where I got my credits or where I lived during college. The intangibles of college are hard to quantify.

Perhaps if I had lived on campus, I would have made some connections that would have helped me later in life. Perhaps it would have just been a waste of money.

Maybe if I hadn’t worked so hard to pay for school, I would have had more experiences or more time to excel with my schoolwork. Perhaps working with teenagers in a school during those years was a better experience than any college experience. There is no way to know.

How to Avoid Student Loan Debt

I graduated college debt-free!

What I do know is that I have never had to deal with the stress of debt. When I was unemployed for a stretch, I focused on things that we NEEDED (shelter and food) without defaulting on debt that would have haunted me for years. I am extremely grateful to my former self for making those choices.

Hacking college is not for everyone; some people feel that the college experience was the greatest experience of their life. There are opportunities available in college that are not available anywhere else. The college setting is the quickest and easiest way for someone to change their life than anywhere else.

For many people, the opportunity is literally life-changing and worth any money and debt in the world. For a lot of people, not as much. It’s hard to quantify what going to college can do for you.

However, spending and borrowing tons of money for something that may or may not pan out is not a great move.

There are ways to cut down on the amount of student loan debt you have to borrow. Of course, a lot depends on the degree you have as well. Medical school is going to be worth a lot more than a degree in the arts and charges more as well.

The Experts Weigh In: How To Avoid Student Loans

Student loan debt is widely discussed and analyzed in the personal finance twitter “world.”

I posted this comment on my timeline:

“I read a lot of PF blogs, and I want to say: IF YOU ARE GOING TO COLLEGE OR IN COLLEGE: DO WHATEVER YOU CAN REDUCE TO YOUR STUDENT LOANS. Take extra classes each semester, get a job, live on less, take out less. Starting adulthood with loans is really hard.”

I then asked:

Does anyone else have ideas? How do you save money on college expenses and avoid student loans?

And they did have ideas! Below are some of the responses I got from the great people of Twitter!

How to save money on college tuition and expenses

“Take dual enrollment & AP classes if you can. Do the first couple of years at a community college. And make sure you live like a broke college student, so you’re not a broke college grad.”


CLEP tests. It saved me a few hundred $$$


Look at options to get college credit in high school. Dual credit courses, advanced placement, and international baccalaureate. They’re often cheap or free, and the more early credits you get, the fewer you pay (and borrow for) later. Just make sure they’re usable credits.


I’m late to the party but SCHOLARSHIPS!!! So many scholarships actually have a small applicant pool because nobody takes the time to apply. Especially scholarships that have a brief written component; do a good job and your chances skyrocket!


Take AP classes in High School. If you get a certain score, the credits will transfer over to college, and you may be able to graduate a semester or even a year early. Apply for local scholarships, go to college locally so you can live at home.


Apply for scholarships over and over again. Not just senior year of high school. And small ones!


I’d say college choice is a huge factor. If your family has an extra half million sitting around, a private college is a luxury you can afford. If not, unless you get a big scholarship, go in state. 99% of employers will take a state grad as fast as they’ll take an Ivy.


See if you can get class credits for an internship. Get ahead in the workforce before graduating. Perfect world, a paid internship to help keep costs down as well.


While I don’t recommend enlisting in the Army National Guard SOLELY to get out of or avoid student loan debt, IF one is ALREADY so inclined, however: … Some individual states also have even more generous programs. SPC Johns, #TXARNG ’89-95


If you are in a STEM degree, consider summer internships and CO-OPs. CO-OPs might go by a different name these days. They consist of taking a semester off to extend an internship. STEM interns can earn $12-$20 per hour. Use that money to avoid debt when you go back to class.


My son watched us struggle under the weight of student loans and was determined not to go that route. He chose an inexpensive but well-respected program in his field and earned a pile of scholarship money in bowling tournaments of all things. He’s covered most of his tuition himself.



I hope you can use some of these ideas and strategies to avoid student loans. Even if you cannot avoid student loan debt completely perhaps some of these ideas can help you minimize the amount of student loan debt you have to take out.

Do you have any other ways to avoid or minimize student loan debt? I’d love to hear them!

Hi! I am a millennial mom with a passion for personal finance. I have always been “into” personal finance but got inspired to start my blog after a period of extended unemployment. That experience really changed the way I viewed my relationship with money and the importance of accessible personal finance education.

7 thoughts on “How to Avoid Student Loans: My Personal Story”

  1. The stats at the beginning of your article are well, shocking. I forget how much of a problem this can be because it didn’t impact my life directly. I got out without any debt, but I felt kind of lame along the way because I wasn’t living it up (or traveling overseas much or doing all those things I felt like I was supposed to be doing as a young person). Like you, I worked my tail off as I went to school. It didn’t occur to me to do otherwise. I lived at home as well (that’s where the real lame-o feelings came from, but my future self thanked me:)

    • Exactly! I didn’t have the fun college experience and I have wondered if maybe I missed out but I am so grateful that i entered adulthood with NO debt. I have always been debt free. It’s worth it

  2. This really is the ultimate guide! Perfect timing too ahead of the summer.

    I worked on and off campus throughout college from freshman to senior year, and it really did help me pay back student loan debt while I was in school. Avoiding interest while you are taking classes helps to avoid compounding interest upon graduation!

  3. You were so wise beyond your years! While I don’t regret taking on debt for all of the experiences I had (studying abroad twice, was a big one), I do wish someone had laid these options out for me to decide. We are all only able to make decisions based on information available to us. Thanks to bloggers like you, the new generation should hopefully have more resources when making these expensive decisions!

    • It wasn’t all me. I was luck enough to have people in my life guide me to the decisions I made. That’s why I am trying to get my story out there- if I can help just one person it will be worth it!

  4. Terrific suggestions regarding how to graduate debt free, yet the biggest root cause of excessive debt related to college is the lack of pre-college career planning. People spend more time researching what new auto to buy than they do identifying, selecting, and validating a “best fit” career and what college is the best for for them. I suspect lots of the debt results from poor fit with one’s natural abilities, best learning environment, multiple changes to major areas of study, selecting a college based on location or looks, etc. A pre-college career readiness assessment and plan takes the guesswork out of the process, helps validate your decision, and puts you on a targeted path to success – including providing more confidence in your decision, positioning regarding acceptance, improved chances with grants and scholarships, on-time graduation, and improved chances for landing your desired career post graduation. Better yet, it helps you immediately begin to save and invest for your long-term goals rather than paying student loans for 10 or more years. So why don’t more young adults do it?


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