Creative Ways to Finance Your College Education

College educations cost money, and depending onattend college.
your school of choice, it can mean big money. Here's aOutside of the college financial aid offices, check with
quick snapshot of college tuition costs for 2010 fromlocal community and industry organizations to see
government and private college websites:what they may have to offer in college financial aid.
Average costs for college tuition and fees for privateThere are many sources from your local VFW to
four-year schools are $26,273, public four-year schoolsbusiness groups who may offer some kind of
are $7,020, and public two-year schools are $2,544.program. High School counselors are a good source of
These are yearly costs and are based solely on tuitioninformation on local sources.
and fees and does not include room and boardYou can also check with colleges that offer online
expenses. Living expenses can add up to $1500 perclasses at a much lower costs. You can easily work
month. They are also based on instate tuitions, out offulltime and access these college classes 24/7 around
state students can pay an additional 25% on average.your schedule. Mix and match according to your
So you can see how quickly college education costsabilities and job by taking some onsite classes and
can add up. Figure about $160,000 cost for averagesome online classes. This method can take a little
for a private college four-year degree (including roomlonger to graduate but will cost much less overall.
and board along with tuition and fees). Many studentsThe first step is to pick your college and find out
end up with well over $50,000 of student loan debtexactly what your tuition and fees will be for your
upon graduation. Some students end up owing a lotchoice of degree. The next step is to do a realistic
more for student loans if they choose to finance thebudget on living expenses based on whether you
entire cost.want to live at a dorm or off campus. This will give
But there are ways to reduce your college educationyou a good idea of what your specific costs will be at
costs besides loans. The first thing to do is contact thethe college of your choice.
college you choose to attend and go visit their financialOnce you know that the costs will be, start applying
aid office. The people there can give you some veryand researching every possible source of financial aid
specific information on what's available, how youother than loans to start with. Don't wait until the last
qualify, and how to apply for different financial aidminute, many of these grants and scholarships are first
programs. The government has several grantcome, first serve and you will need to apply far in
programs that are based on you income (or youradvance. And don't get impatient, this is a slow
parents depending on your age). There are also workprocess by nature and takes some dedicated time
related programs that you can apply for that pay youand effort to be successful.
to work at the college.You can also start out at a Community College or a
There are hundreds, if not more, local organizationsPublic 2 Year college and save quite a bit. You can
that also provide scholarships that are based on manyfinish up at whatever 4 year institution you want for
criteria besides grades or athletics. Don't just go for theyour degree. This would also give you a chance to
big dollar scholarships, even $200 a semester can helpimprove your grades if necessary to get into your
and many have very easy to qualify requirements.4-year college of choice. It would also give you a
Community organizations are a great source for smallchance to establish residency for out of state schools
scholarships that may be small amounts but can addand attend as a state resident, which can be a big
up fast.chunk of money.
Your parent's employers may have programs thatThe bottom line is you need to do your research,
range from scholarships to loans at no cost. If youestablish your projected costs, and then turn over ever
have a job, check with your employer too. Somepossible rock to find grants, scholarships, or work
critical industries (that need specific employee skills) areprograms. Digging a little deeper can produce some
also a good source of grants and scholarships. Somegood results, and the earlier you start the better.
will even offer part or full time employment while you