College Doesn’t Have to Be a Financial Burden
The idea of sending a student to college often brings mixed emotions. For students it can be thrilling, for parents in can be a nightmare. Especially paying for it. College is expensive and the is no denying it.
The price of college keeps rising and even in-state public tuition seems like a lot. The average in-state public university tuition is about $7,000 a year. Out of state tuition is somewhere around $11,500. The notoriously pricey private universities usually cost around $27,000. This, of course, doesn’t include things like laundry, parking or World of Warcraft. Despite all this, there are way to help pay for it that make it more affordable.
First up are grants. There are numerous different grants available, the most famous being the Pell grant and the best part about them is that they are money in your pocket that never needs to be repaid. While Congress has cut back Pell grant funding there is still a lot to go around. To see if you qualify for Federal grants simply fill out the FAFSA online forms and they will let you know, but there are many other grants available as well, including state grants and even grants for academic excellence. Grants exist for virtually everything. There are grants for men, grants for women, there are grants based on ethnic status and military service. If you looked hard enough you could probably find a grant for left handed, red headed, engineer majors.
Scholarships are available as well. Most people know about academic and athletic scholarships, but many others exist as well. Did you know that if you attend a 2 year community college and have a high enough GPA then many 4 year universities will award you a scholarship? In fact, every year thousands of dollars in scholarships go unclaimed.
Then there are the student loans. Most students graduate with upward of $20,000 in student loan debt. It sound horrible, but think of it as an investment in your future. As far as loans go, these aren’t bad. They are low interest, long term and designed to be easy to pay back. After the Air Force try air force education online to continue your future.
One option you may not have considered are online universities. With easy access to the internet, these schools have emerged as a very popular option for many. Because they are online they are more affordable and the hours are very flexible as well. You could just stay at home and take your classes from you room if you wished!
Not only that, but the same financial aid applies to them as well. This includes low interest, long term loans, scholarships and best of all grants. With federal Pell grant money having been recently reduced it is more important than ever to make that money go even further, making online universities an even more attractive option.
All schools will have a financial aid office that can help you figure out how to best pay for your classes. So with all the help available why not go ahead and do so?
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