Friday, October 22, 2010

Tips: Finding money for college


Finding money for college can be a difficult task, especially with the economy as it is. Luckily, there are a few options when it comes to getting college at a lower price so that getting the money for college isn't as difficult. These options might not be for everyone, but they definitely can help get some ideas flowing for those having a tough time rounding up resources.

One such option is going to a community college instead of a four year college to knock out some of those prerequisites. When the desired number of classes are taken, then the student can transfer those credits to the college of their choice. This way, college students only have to pay a community college price for some of the classes that are unrelated to their degree that they're going to have to take anyway! It is important, however, to know ahead of time which classes will transfer and which won't so that money is not wasted on a class that will not transfer.

Another option for cheaper college is tuition free colleges. There are several tuition free colleges which are colleges that charge nothing for tuition. Of course, the college do get SOMETHING but each college that offers this has their own catch. By completing a program from a school that doesn't charge tuition, students can get a four year degree and leave college owing no money on loans. This can definitely give peace of mind as most people who leave college take a large chunk of debt with them.

A final option to try is going to college through work. Many employers will pay a decent percentage of an employee's tuition. This varies with each employer as do the rules. Some employers require that the degree program be related to the job and many require a certain grade point average to be attained. This usually works on a reimbursement program which means that the student pays for the tuition ahead of time and then the employer reimburses the student after they complete their semester. Often employees interested in the tuition reimbursement program must get this settled with the company before the semester begins to qualify for the reimbursement.

It is important to figure out a plan of action in affording college before applying to schools so that a surprise tuition bill doesn't show up and there is no money to pay it. There are several options and ways students can get the education they desire at a lower cost.


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