Attending the university, although not essential, can give graduates a financial boost that will benefit them throughout their lives. The US Census has determined that the average graduate earns $ 19,550 more per year than the average high school.
In addition, the Research Center stated that even after subtracting the time they did not spend while studying, and the associated costs, the average graduate earns an unimaginable $ 550,000 more than a high school graduate in a 40-year career .
It is clear that the financial investment to go to college and get a diploma is worth it. Yet the average college student leaves with $ 23,000 in the student Reganance debt, which can be a heavy financial burden to bear!
However, it doesn’t have to be that way. Using innovative strategies, a student can graduate without thousands of dollars in debt.
Prepare for high school
1. Take secondary or secondary school courses on AP or IB
Many high schools offer advanced placement (AP) or International Baccalaureate (IB) courses that allow students to earn credits for attending the course. These are usually available for high school juniors and seniors. These courses are much more academic than standard classes for high school classes, but the benefit of earning credits while you are still in high school cannot be denied. A student who takes a few AP or IB courses per year can easily shave a year off their study turns, making these courses worth thousands of dollars for college savings.
To be eligible, a student must usually obtain a high grade (A or B), receive a written letter of recommendation from a teacher, and pass the exam. Qualification requirements can vary per school and program.
2. Take college courses while you are still in high school
While attending high school, some students choose to attend a college or two at the same time. This is possible at community colleges that do not oblige students to attend high school diplomas.
This can be a good option for students who may not be eligible for AP courses at their high school, but still want to start their college education. By taking two or two lessons at the community college during two high school semesters, a student can eliminate a semester of general educational requirements. If the student transfers to a large university, this can save a few thousand dollars.
Choose a university or university
3. Live in a city that offers free tuition fees
This is hard to find, but it is possible. In Kalamazoo, Michigan, there is a program called the Kalamazoo promise that guarantees the payment of tuition and tuition for a bachelor’s degree or 130 credit hours (whichever comes first) for all students living in Kalamazoo County and all four high school years to attend. a public high school in Kalamazoo. Graduating high school seniors have up to 10 years to start their college education and receive the scholarship. There are 15 universities and colleges in Michigan, as well as 29 community colleges, that honor the Kalamazoo Promise scholarship.
Other cities that offer their own promises (though much for smaller amounts) are Peoria (Illinois), Rockford (Illinois), El Dorado (Arkansas), Denver (Colorado), Pittsburgh (Pennsylvania), New Haven (Connecticut) and Detroit (Michigan) ), Muskegon (Michigan) and Jackson (Michigan).
4. Attend a free lecture
Yes, you read that right: there are a number of colleges in the US that are completely free. You only pay costs and accommodation and the costs of living, since the tuition fees and costs are covered by the college.
BusinessWeek compiled a list of 10 free colleges. Most have an estimated tuition value of $ 15,000 to $ 35,000, and the acceptance rates range from as high at 40% to as low as 7%. Some of these colleges, such as the College of the Ozarks, require students to work on campus for several hours a week. Several are liberal art academies, but many have a specific focus, such as engineering, music or shipbuilding.
5. First go to a community college
Many recent high school graduates are eager to attend a university, but attending community college can be a good option for the first two years. Community college costs are thousands of dollars cheaper per semester than the costs of most universities.
In addition, community college courses are much smaller than large university lecture rooms, and you can get more personal attention when taking your required classes.
6. Attend a more prestigious university
This seems counter-intuitive, but often the more prestigious colleges, although more expensive, have more money available from rich donors. When I was preparing to switch to a four-year university of community education, I chose between a local division, a university, and a Big 10 university.
Although I thought it would be more financially viable to attend the department at a university because it had a lower tuition fee, it turned out to be more expensive for the owner of Reganijk. Why? The Big 10 university had many donors with deeper pockets and could therefore offer me more subsidies and other help outside of student loans.
However, weigh the different options that are unique to your own situation. Local universities offer reduced tuition rates for students who have established an in-state residence, so they may be a better option for you.
7. Register for the Honors program
If you have a strong academic record and high ACT or SAT scores, consider enrolling in the honors program of the college in which you participate. I was a member of the community college honors program that I attended and the program paid for all my lessons, fees and books for two years!
Requirements vary from school to school. In my case I had to write an essay and have high test scores and a high GPA. An interview was also required. Because most programs pay full lessons, they are very competitive.
Get financing for your education
8. Earn scholarships
Many parents who are unable to save for their children’s college education hope that their child will receive an academic or sporting grant. However, these scholarships are very competitive.
Although students should certainly apply for the full scholarships, they should also look at smaller, lesser-known and less competitive scholarships. Qualifications can be based on background, ethnicity, location and the desired area of study, among other things. And because such scholarships are often much smaller, they can be less competitive. Earning three, four or five of these smaller scholarships can mean a serious dent in tuition fees!
You can find information about such scholarships through your parents’ employers, the school guidance coach, local bookstores, churches and of course the internet on sites such as CollegeData’s Scholarship Finder. A detailed source is “The Ultimate Scholarship Book”. It is also a good idea to contact schools that you are interested in for a detailed list of scholarships that they offer, as well as external scholarships that their students have received.
9. Let your employer be subsidized by your employer
There are plenty of employers who pay several thousand dollars of your education per year, up to a full refund of the tuition fees. This is not limited to full-time workers, because many employers also offer tuition reimbursement programs to their part-time employees.
Some employers give you the benefits as soon as you start working; others require that you work a full year before you receive tuition fees. After graduation, some companies require that you remain as an employee for one to three years after you have obtained your diploma.
Some companies with this advantage are JM Smucker Co., Google, Bank of America, Boeing and UPS. If you are already employed, you can contact your personnel department to see if this is an available benefit and what you need to do to qualify. Moreover, searching on the internet for employers who pay for the HBO education of employees will turn up quite a number.
Work and service
10. Work while you are in school
Work study, part-time jobs and even full-time jobs can greatly offset the costs of higher education by enabling you to pay part or all of your living expenses instead of taking out additional student loans. Even getting a part-time job will help compensate for many college costs, including buying used textbooks.
During this time, paid internships or summer jobs are difficult for students to find. But if you can find one, this can be one of the most efficient ways to both earn a little money, get credit for your chosen degree, and improve your resume. Although they are very few, if you can find a paid internship in your field, you let it know and you know that you are a tax-responsible student.
11. Work at the college
Many colleges offer their employees substantial tuition discounts. When I was working at a community college, I was able to take each class for just the cost of the costs and textbooks – all tuition was canceled. If you don’t mind waiting before you start your education, why don’t you apply at a university or a community college? You could find jobs for high school graduates in the food service or the custodial service.
Secretariat tasks are another option. Many schools offer tuition to both their full-time and part-time employees, so if you are lucky enough to live close to a school with such a policy, you can get a part-time diploma and probably succeed out of debt.
12. Have a parent work at college
In addition to the employee, colleges generally offer direct family members of employees tuition discounts. If your parent works at a university, a large part of your tuition fees will be canceled.
My aunt was a mother who stayed at home until her youngest of nine children attended school. Then she went back to work at the local university, and more than half of her children eventually went to that university and paid very little for their education. They were able to graduate without debt and were not burdened with heavy student loans.
Make sure you check this again. Most colleges mention their tuition bonus programs on their websites, so that’s the first place to watch.
13. Join the army
Once your military service ends, you have 10 years to use your GI Bill benefits. The GI-Bill pays all tuition and tuition fees for those attending public universities and colleges, and for those attending private colleges and universities, the limit is $ 17,500 per year.
Moreover, the army will reimburse your accommodation costs during the lecture. To earn this benefit, you must have been in active employment for 90 days. There is often a provision that you have served three years and have been honorably fired.
14. Take more credits per period
If you pay full-time tuition fees, most colleges do not make a distinction between 12 credits and 21 credits. Contact the college of your choice to see if they charge a fixed rate for full-time students.
If you want to reduce the costs of your university degree, taking credits as much as possible is one of the best ways to graduate early without paying extra money in tuition fees.
15. Attend the summer and winter conditions
School’s summer and winter conditions are often less expensive than those in the fall and spring. As an extra bonus, the lessons are speeded up, which may shorten your job at the college of your choice because you can earn more credits in less time.
16. Attend classes
Most traditional universities now offer at least some courses. This can be an economic blessing for students for a variety of reasons. courses reduce your transportation and living costs and can allow you to work full time while you obtain your diploma. This can also be very useful for non-traditional students following secondary education while taking care of their families.
Although every student learns differently, modern technology has made learning an effective and cost-saving tool that can reduce the costs of your studies. View this list of the best colleges and accredited degree programs.
17. Work in public service
If you have obtained the diploma and are having trouble paying back your student loans, consider giving back to your community and your country. Working in a public service capacity can earn loan forgiveness after ten years under the cost reduction and access law of the College of 2007.