Let’s face it, college can be expensive. Trying to figure out how to pay for those expenses often seems like an overwhelming task; however, being diligent with finding funding and also being a little creative, can help ease that burden.
There tends to be a huge misconception regarding student grants and scholarships. Many times students believe that scholarships and grants are only designed for people that are in extremely disadvantaged situations. That misconception just simply isn’t true. There are many colleges and foundations that will give you money to pay for school. After all, let’s be honest. giving away something has always been one of the best marketing tools.
Even if you don’t qualify for a scholarship from the school of your choice, there are still plenty of ways to get free money for college. The bottom line is this: if you’re paying full tuition, it’s a good chance that you’re probably paying way too much. Take the time to find funding. I can promise you that it’s out there just waiting to be found.
Below are several different methods that can be used in combination to help save on your education. I’ll start with the less common approaches and work my way to the more common forms of funding.
- Find a job to ease the burden – list wfh (worked anywhere with flex schedules) and onsite job board here
- Save on textbooks – link to blog entry on how to save on textbooks here
- Take AP or dual enrollment courses in high school – Many states have programs that allow high school student to take AP courses and / or dual enrollment courses at their local college. Students will receive high school and college credit for courses passed.
- College Transfer – Take the first two years of your degree at a community college and then transfer into your chosen major at a 4 year university. Courses are much cheaper at the Community college level.
- Reevaluate School Choice – Do you have a first choice school, but the tuition is way more expensive than the same program at another school? If finances are of great concern, you may want to consider obtaining your degree at the less expensive university instead, especially when the quality of education is similar.
- Search For Little-Known Grants – Did you know that there is a grant for practically every situation? If you’re a woman, you could be eligible for any number of grants that are for females only. If you’re Hispanic, African American, Hispanic, Indian, or Asian American, you could possibly be eligible for a race based grant. There are even grants available if you are the first member of your family that is attending college.What it really boils down to is that there are many unexpected types of grants available. You just have to do your research. Spend some time attempting to look at yourself from a different angle – consider factors such as race, age, income, future goals, and so forth and then try to find unexpected grants that describe you.Insert Grant Affiliate Website Link Here.
- Contact Schools Directly – Let’s face it, schools are a business and just like any other business, they want you to choose and spend your money with them. Unlike typical businesses, schools have to keep a good mixture of customers (students). For example, schools need to have X percentages of business students and Y percentages of engineering students. They also need to enroll a certain number of students that are considered in the minority category as it pertains to their school’s population.Use these rules to your advantage to obtain money for your educational expenses. In order to keep their student population ratios in line, schools are willing to offer large amounts of scholarships and grants to certain sectors. Contact the financial aid office of schools you are interested in and see what they may offer. You never know. You may qualify for a lot more money than you think. Your particular schools of interest may very well need someone just like you to help balance out their current student body. It’s worth a try and never hurts to check.
- Federal Student Aid Programs — Most people are aware of this one. The federal government offers several financial aid programs. Most of these programs do not require you to pay the funds back. It’s fairly easy to apply by filling out the Free Application for Federal Student Aid (FAFSA).
- State Student Aid Programs — Regardless of whether or not you are eligible for federal student aid, you still have the option to apply for financial aid from your state of residence. Contact your state grant agency for information regarding deadlines and eligibility. These types of aid packages aren’t as large as they are on the federal level, but hey every little bit counts and helps decrease the amount that you owe.
- Organizations, Nonprofits, or Private Companies — Many organizations, nonprofits, and private companies offer merit-based or financial need-based grants or scholarships. Most of these have their own application process and may only be available to those who don’t qualify for federal student aid.
- Veterans and Military Servicemember Benefits — Find many education programs for past and present servicemembers and their families.
There are many different and unexpected sources of funding for school available. You just have to be creative and dig around a little. Funding can come from more traditional or from little known and more obscure types of grants and scholarships. Funding can also come directly from a school itself. Don’t be afraid to get out there and do your research. It very well may pay off.
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