Newsmaker — Financial aid representative offers advice on how to avoid student debt

| January 6, 2017
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People who want to continue their education face the problem of being able to pay for it. Scholarships and grants are two ways of paying for school, but most students turn to student loans to pay for their higher education.

Jordan Cox, Financial Aid Representative at North Central Missouri College

It has been reported two-thirds of students graduating from American colleges and universities are graduating with debt. According to The Institute for College Access and Success (TICAS) Project on Student Debt, the average borrower will graduate with about $26,600. 1 percent of graduates leave with their degree and over $100,000 in debt while a majority, one in 10, graduate with more than $40,000.

KMZU’s Sara Miles was able to talk to Jordan Cox, a Financial Aid Representative at North Central Missouri College. For the full interview, use the player below.

Cox was able to give an insight on how students can help lower the amount of money that they owe after graduation.

For students who do not already have scholarships, Cox said, “We encourage students to seek out all scholarship opportunities.” These scholarships could come from a variety of different places including local businesses, organizations, and churches.

North Central Missouri College is one of the many 2 year colleges that honor the A+ scholarship. According to the Missouri Department of Higher Education, The A+ Scholarship Program provides scholarship funds to eligible graduates of A+ designated high schools who attend a participating public community college or vocational/technical school, or certain private two-year vocational/technical schools.

Battles over budgeting at the state level makes some students nervous over whether or not that funding is going to be there or them when they graduate high school.

Cox has faith in our state and their ability to maintain funding for students who are eligible. Cox says, “The state is always looking for ways to improve quality and integrity of the program to ensure continuous funding in the future.”

Cox would like to remind students to borrow smart and only borrow what they need.

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