Today in USA, the cost of college is going rapidly.As a result, many students have to continue their college education by loaning from the bank, and they can hardly return the money after they graduated. American government setup a college saving programme to provide students with tax free loans in order to minimize college student's debt. Greg McBride, the senior financial analyst for Bankrate com suggest students apply for various kinds of scholarships, or find some part-time jobs, such as charity community, volunteer and so on. Another suggestion for student to reduce their debt is to find a job first, after the student worked for some year and earned some money, they can go back to school to further their study.