It’s no secret that college is expensive. In fact, the average cost of tuition and fees for a four-year public university is now about $9,000 per year, and the average cost of a four-year private university is about $32,000 per year. Even if you get financial aid, you’re likely to end up taking out some student loans.
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But there are ways to avoid going into debt for college. Here are a few tips:
Apply for scholarships
There are billions of dollars in scholarships out there that go unused every year because students don’t bother applying for them. Use a scholarship search engine like Fastweb or CollegeBoard to find scholarships that you’re eligible for and then apply for as many as you can.
Work during college
Working a part-time job during college can help you cover some of your expenses and avoid taking out loans. You can also look for work-study programs that will help you pay for school.
One of the biggest expenses you’ll have in college is housing. If you can live at home with your parents or in a cheaper apartment off-campus, you’ll save a lot of money.
Use your savings
If you have any savings, whether it’s from a part-time job, gifts, or anything else, you can use that money to help pay for college.
Get a grant
There are many different types of grants available to college students. You can search for them on the government’s website or on a site like Scholarships.com.
Following these tips can help you avoid going into debt for college. But even if you do have to take out some loans, remember that you’re investing in your future and that you can always find ways to repay your loans after you graduate.Read More »