We all know that college tuition is never cheap and getting a loan for your expenses might be the only answer. And as much as we hate debts, sometimes it can really be inevitable and the best thing you can do is deal with it and pay it off as fast as possible. If you want to graduate debt free, continue reading to avoid the pile up of debts and to manage your finances well.

1. The Consumer Financial Protection Bureau just announced that student loan debt is now considered by most people. A lot of students borrowed over 120 billion dollars in the federal student loan and it is still rising. It may not be feasible for students to continue this trend without avoiding the possible serious financial issues. It may be quite obvious that not everyone will qualify for the institutional aid being offered. However, there are a few things that a student can do in order to minimize the amount of a student loan debts brings

2. Work on reducing your EFC. Some students think that college is the best time to save up on money, though it may be true, it can prove to be quite difficult. Most paycheck can't cover the whole tuition fee and other expenses so it's best to start saving early. Hold off on big purchases such as cars, houses a year before you enter college. Watch the amount of work you do before entering college.

3. Consider your college's tuition fee. College tuition fees differ from one another and while you may be dreaming about your dream school, you might want to think about practicality first. Educate yourself about the real costs of college tuitions and check out their affordability and transparency numbers. Look for schools with an affordable tuition but holds almost the same reputation with your dream school. It also wouldn't hurt to research about the scholarships that are offered by the school.

4. Take note of financial aid coverage's. Some schools will offer financial packages that will meet a student's need without the use of student loans. Depending on your income level, you will be offered grants and scholarships according to what you can afford or pay for. If you happen to be within a higher income bracket, they can still pledge you to keep your income bracket under $ 5,000 annually.

5. Maximize your financial aid and make sure you contact you college's financial aid office. Many students also forget to look deeper in to the various resources for private financial aid such as local church, civic groups and businesses so make sure you look into these as well.

If you are applying for a loan, check credit score regularly to keep track of your credit. You get a free credit check of your credit report annually too. Make sure you get your credit rating up before applying for any loan.