How Can I Pay for College Tuition Without Going Broke
With so many motives to return to school and make changes to your career It’s hard to stop your enthusiasm as much as the thought of paying for it. Yes, tuition costs have gone up over time (as have food, gas and housing). Yes, college tuition is an enormous expense. And yes, there’s plenty of debate and argument over how to tackle college cost. It’s also true, however that students have more choice than ever before in terms of paying for higher education, and that a few institutions, such as Franklin University, are deeply focused on reducing the cost of tuition and making college more affordable. With that in mind these are some of the secrets to paying for college without spending a lot of money:
Tips for Paying for College
- Make a budget for your household. It’s common to find some money-wasting activities in our monthly budgets if we’re willing to be honest and confess. Bottled food, water, cafes, massive homes and brand-new cars. These are only one of the many ways that we can overspend. Create a budget each month to make use of money you already have, then you can reallocate the funds to college tuition, as an investment for your future.
Request assistance. Speak to your employer about how they can help you pay for your expenses. Employers offer thousands of employees some form of financial assistance, for example, tuition, books and sometimes even time-off paid for students who attend classes. It is reported by the U.S. Department of Education, National Center for Education Statistics, Adult Education Survey of the 2005 National Household Education Surveys 96% of fully-time employees have received some kind of financial support (tuition book, textbooks, materials) by their employer for formal courses or training. In addition, IRS law enables and allows employers to provide as much as $5,250 in tax-free tuition aid.
Research transfer credits.If you’ve had a previous college experience for professional or military training courses, check out if you’re qualified to transfer credit hours. If the credits are transferable, you may achieve your degree faster and more economical.
Get extra credit. Look into taking one or more College Level Examination Program (CLEP) tests. These standardized tests award college credit for a fee of less than $100 for each test. Contact an academic or admissions counselor about portfolio credit, which lets you earn credit for course work based on work experience at a college level.
Tap into hidden benefits. Veteran and military members who qualify might be eligible for tuition benefits under the GI Bill. The duration of active duty determines benefits, however private tuition and fee reimbursements are currently $17,500 for each academic year.
- Apply for scholarships. These scholarships aren’t limited to college students. Consider scholarships within your domain of influence, for instance in credit unions and professional associations. Conduct a search on the internet for specialty scholarships with keywords like “single partner scholarships,” “scholarships to mothers who return back to college,” “scholarships for laid off workers” or “scholarships for older adults.”
- Consider financial aid. A large portion of students in adulthood take advantage of a variety of financial aid options. Contact your college’s financial aid staff to talk about the different kinds of financial aid available that include government student loans. The US government can be the single largest source of financial aid Follow @FAFSA on Twitter to learn more about financial aid and suggestions that come from Federal Student Aid, an office of the U.S. Department of Education.