Could this form of student loan forgiveness be the next solution?

Opting to work full-time while pursuing part-time studies is one approach to minimize college debt. This may be an appealing choice, especially if you have familial responsibilities or are already in a stable employment position. However, part-time enrollment prolongs your academic journey, potentially leading to higher tuition costs over time.

To determine if this path aligns with your goals, evaluate how your earning potential will grow post-graduation. Will the benefits of full-time attendance outweigh the increased income? For individuals with substantial financial commitments, other financial obligations may take precedence over the costs associated with full-time enrollment.

If you qualify for scholarships and grants, you can pursue full-time education and expedite graduation without accumulating student loan debt. Numerous scholarship opportunities exist, catering to various circumstances. Before resorting to student loans, explore potential scholarships you may be eligible for through personal networks or online scholarship search platforms.

When scholarships or grants are unavailable, student loans offer a means to cover college expenses without immediate employment. Although full-time enrollment is costly, it facilitates quicker graduation and earlier career advancement. If balancing work and college is unfeasible, consider increasing your course load for faster graduation, minimizing expenses, and working during summers to reduce annual borrowing.

Determining whether to prioritize rapid graduation or debt avoidance lacks a one-size-fits-all solution. Some students work during summers to offset borrowing, while others manage external financial obligations by working full-time and attending classes part-time or during summers. Achieving a balance tailored to your needs hinges on factors like your major, projected income, and borrowing requirements. Regardless of your choice, adhere to a college budget and economize expenses.