While financial aid is great, there are times when it’s still not enough. Other students may be struggling because their families don’t qualify for financial aid, nor will they pay for them to attend college. In today’s society, attending college is necessary for a great number of jobs, but how can you get there if there truly seems to be no money in sight? If you’re struggling with ways to afford getting your degree, check out these tips on how to pay for college!
Scholarships: If you haven’t checked out the scholarship scene yet, here’s the perfect reason to look into it. Scholarships, with a little application and essay work, can grant you money you can use for college that you don’t have to pay back. Scholarship amounts run anywhere from a hundred dollars, to having your entire undergraduate education paid! You can find scholarship information at Cappex!
Private Loans: Federal loans are nice because they’re flexible and have low interest rates, but they’re not the only type of loans out there. If you’re unable to get financial aid, or if financial aid isn’t going to be enough to cover your costs, you may want to consider taking out a private student loan through a bank. Talk to several banks and note the loans offered and their interest rates. While the payment plans may not be as interchangeable and the interest rate might be a little higher, it’s still money for school.
Payment Plans: Many institutions offer tuition payment plans. If you don’t have the money right away to pay for school, but can pay in installments, this may be a good option for you. You’ll have more time to come up with the money.
Find College Jobs that Really Pay: There are some fantastic jobs on campus that can allow you to get some great benefits that will save some serious money. Resident Assistants for example often get to live on campus for free as payment for their duties. Look into what your campus offers!
Find a Job Off-Campus: While the thought of having a part-time job in addition to going to school full-time (or even part-time) may seem like a nightmare, there are plenty of students who do it, often to reduce their overall amount of debt. While it may not be pretty, you may be able to find a job that pays decently and is willing to schedule you around your classes. Serving food at a restaurant, for example, can pay quite a bit if you’re working on the right nights!
Take a Semester Off: While this is a last resort, some students choose to take a semester, or even a year off so they can work full-time and save money to finish their degree. If it comes to that, there are still positives to the situation! Having a break in the real world will allow you to better see where your degree will fit in society. You may even alter what you’d like to do with it! When you re-enroll, you’ll be smarter because of your time away.