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Although it may seem impossible to go to college without taking up a loan, there are ways to still pursue your education without becoming a ‘slave’ to your lender when you graduate. One of the better choices out there is to raise the funds needed years before your child even applies for college, and have a cheaper option such as going to state universities where the tuition fees are much lower.

Another alternative to student loan debt is by really working hard while your children are in high school so that they  may qualify for scholarship or government grants for their education. Although you as the parent may help with some of the education expenses, it is not always a good idea to let the children be totally dependent on you. Here are a few reasons why:

1.) Students who are funding their education themselves either wholly or partly, have a better sense of  responsibility. If it is their own money that they are using to pursue their education, they have the tendency to get as much as they can out of their college education. Some students who think they are entitled to receive free funds from their parents keep going in and out of college, because they are taking it for granted.

2.) The sooner your child understands that it is their own responsibility to put themselves through college education, the harder they will work all the way through high-school to try and get a scholarship.

3.) Studying while also working to pay off their own college education will help your child develop good work ethics sooner. Those who even have the chance to work while study may also have the chance to build up their networking for their future job when they graduate.

As most colleges or universities have offices for student services where students can find lists of job offerings, your child will have a great chance to find a part time job while studying. This option is definitely better than to bury yourself or your child in student loan debt. Statistics tell us that one of every four students today leave school with a huge debt on their shoulders. You do not want your child to carry that load when they graduate. If you want to have a bright future after graduation, don’t cloud your present with lots of bills you have to pay later. This includes student credit card bills.

Now if you do not have money, how would you pay for college? Here are some suggestions:

1.) Some students find the time, the energy and the motivation in themselves to work through college. There are many successful stories of students who graduated with much pride and without any debt. The minute they work they are already on their way to building wealth while their friends are paying off their debts.

2.) Obama’s stimulus bill allows tax relief that is worth $2,500 for tuition that is paid in 2009. This tax relief program will also be available next year.

3.) In the college and university’s admission office you can find financial aid by federal subsidy programs and grants. Contact them to see if you are eligible to receive subsidy or grants.

4.) Check in the internet and admission office for scholarship and find out where you can apply for this. Some local businesses and churches also offer scholarship money that you may apply for.

5.) If you really have to take out student loans for some of your college expenses, there are student loans with low interest which don’t require you to pay until after graduation day.

6.) If you are already employed, some employers offer reimbursement programs for the tuition fees which you can claim after finishing a semester with passing grades.

Check as many possibilities as you can because you never know what is actually available for you. Also one good source for free grants for education is the Federal Government grants which you can also check out here.

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