Additionally, students can combat anxiety by doing their own research into total college costs, majors of interest, and post-graduate salary estimates to better understand their school choices, loan options, and borrowing ramifications. At Eckerd College, that's the type of proactive step some students are already taking.
"I don't know if this year was just an anomaly because there was so much chatter about student loan indebtedness, [but] students are being much more diligent about their borrowing," Eckerd's Watkins says. "They are actively seeking outside scholarships that they can use to replace student loans, and some students will say, 'No, I can't afford to come.' I think they're being more realistic."
Trying to fund your degree? Explore the U.S. News Paying for College center.