Statistically, college graduates earn more than 80% compared to high school graduates. According to a report from the Bureau of Labor Statistics (BLS), an employee with a college diploma earns $1,173 per week compared to employees with a high school diploma that earns at least $713 per week.
For us to find long-term financial stability, job satisfaction, and success, we need to go to college. Although there are universities that offer good quality education with less tuition fee, realistically speaking, college is still expensive.
Sometimes, we even come to a decision to drop out of college because we can no longer sustain our education. But a college education is pivotal, especially in this very competitive world. There are many ways to survive college despite being expensive and we’ll walk you through 7 proven ways to reduce college education costs.
1. Scholarships and Grants
Applying for scholarships and grants is a good solution to sustain your education. These scholars and grants are mostly funded by private organizations, state government, federal government, The Federal Pell Grand (largest student scholarship provider), and volunteer grants.
There are hundreds of scholarships available. But be very vigilant as some of these are a scam. Avoid organizations that fund a scholarship in exchange for a fee.
2. Look for Less Expensive College
Before applying for college, make sure that you can afford the tuition fee. There is a vast number of affordable universities such as the University of Washington, Oklahoma State University, and many more. In the United States, there are colleges that offer free-tuition education for domestic students in return for good performance and good grades. With this, you will only think about the miscellaneous fees.
Education is not a race. If you only have yourself to sustain your education then find a job. Look for a company with perks and benefits. Take advantage of their tuition assistance. Companies like AT&T, The Home Depot, Chipotle, and Amazon offer jobs with tuition reimbursement programs. To be eligible in their program, you have to meet the requirements needed and they will also base it on your performance in your work.
Take it slowly and don’t rush. Even if you enroll for one semester every school year, you will get your dream education eventually. Besides, it’s a great opportunity to learn more which you can use for finding a more stable job.
4. Monitor Your Daily Expenses
To survive college, you really have to know where your money go. Only buy things that you really need and things that only require in your studies like textbooks and whatnot. There’s no wrong with enjoying college and spending our money on things we want at least once a month but it’s the long run we are talking about here.
Don’t get carried away with all these new things. Save and use your money wisely.
5. Don’t Buy New Textbooks
Textbooks in college are very expensive but we have no choice but to comply since some universities or professors makes it as a requirement. Buy the cheapest textbook you will find and hundreds are available in online stores and book kiosks. Visit sites like Amazon, they sell price-friendly books. You can keep this book for future references or you can sell it if no longer needed. You can also opt to rent books instead. It’s much cheaper and less expensive.
6. Maximize Your Student Loans
Your tuition, housing, transportation, food, school supplies (books, paper, etc.), and everything that will support you in your studies, are important items that your loans need to cover. As much as you can, optimize it. You may be aware that your loan still has to be paid; you have to pay it with interest. Be smart. Find opportunities to make use of your loan like investing in online selling.
Save up. Only borrow money that you truly need. Don’t let a large amount of loan distract you. The thought of having lots of money can be exciting, but keep in mind that you invest in student loans for a purpose of sustaining your college education.
7. Look for a University with Fixed Tuition Fee
Numerous university tuition fees get higher every semester or every year. This could be shocking to you. Make sure that the university you attend has a fixed tuition fee where you will pay an exact amount of tuition fee throughout your college until you graduate. Considering this solution will reduce your college education costs.
These are only some of the established methods of reducing the cost of college. There are definitely many ways to keep your education going. These possibilities are all one click/one visit away. Be a smart student and do any means necessary to achieve success.