Answer:
Apply for scholarships and grants: Scholarships and grants are a great way to reduce the amount of debt a student has to take on. These are usually awarded based on merit, financial need, or other criteria, and do not have to be paid back. Students can search for scholarships and grants online or speak with their school's financial aid office for more information.
Make extra payments or pay more than the minimum: One way to decrease the amount of debt that accumulates is by making extra payments or paying more than the minimum monthly payment. Even small extra payments can add up over time and reduce the amount of interest that accrues. Students can also consider making payments during their grace period or deferment periods to reduce the overall amount of debt.
Step-by-step explanation: