Paying for college can be a juggling act. It can be a definite challenge figuring out how to borrow the right amount, along with how much you work and how timely you can graduate from college.
If you are determined to graduate debt-free, that may extend the length of time to graduate, since you may be working full time and taking only a few classes a semester. And if you decide to attend school full-time, you may accumulate more in student loans, since you most likely won't be working full-time.
Miriam Caldwell with The Balance, helps you to consider the following as you decide whether it's better to graduate college more quickly or graduate with less debt.
Working While You Attend College
One of your options to graduate college with less debt is to work full-time and to attend school part-time. This schedule may be a good option if you are already supporting a family, though you should consider how much your earning power will increase once you get your degree.
If you are working, your employer may offer to reimburse the cost of tuition for a certain number of credit hours each semester. In exchange, you could consider arranging some form of agreement to work for them for a set number of years post-graduation. This work-for-school exchange may make attending school possible for you.
For some, working while attending school can be a good option. But if you are not making steady progress toward your degree, you may want to cut back your work hours a bit and add a few more school hours into your schedule.