3. STUDENT LOANS
In 2015, graduating seniors in the U.S. had an average student loan debt of over $28,000. But for UCLA seniors, the average was much lower — just over $17,000. And virtually all UCLA graduates — 98% of them — successfully manage loan repayment.
The federal government offers low-interest student loans for higher education, such as:
Federal Direct Loan Program
Federal Perkins Loan Program
There are flexible payment options and other discounts, as well as delayed repayment options. Interest paid on student loans is tax-deductible.