There’s no denying the value of a college degree. In this tough job market it’s even more important to pursue an advance education to make yourself more employable. But students should know there are ways to continue your education without accumulating mountains of debt. Here are 8 small tips that add up to big savings.
- Ask Your Employer to Pay: Many employers offer a reimbursement plan to pay at least part of their tuition costs. The first $5250 a year in employer education assistance is tax free because the government encourages this type of assistance.
- Pursue a Certificate Program: Top-notch colleges and universities offer certificate programs for students who don’t have the time or money to attend a full-length program. These shorter programs let you enhance your resume and stay current with the newest trends in your field.
- Utilize Scholarship Databases: Scholarship sites like Fastweb list of thousands of scholarships that fit every kind of student. Apply to as many as you can, and you’ll be surprised how much your efforts will pay off.
- Take Advantage of Federal Financial Aid: Federal loans are designed to be relatively low-cost. They have a lower interest rate than private loans and fixed payments. To apply, you must complete the FAFSA.
- Apply to Schools That Are Generous: Some schools are known for being more generous than others. Apply to these schools and even try to negotiate the package they offer you. You might be surprised how willing some schools are to work around your needs.
- Think STEM: Students who pursue and advanced degree in Science, Technology, Engineering, or Math are more likely to receive grants which don’t need to be repaid.
- Look Into Online Options: Online degrees are so popular now that most traditional colleges offer online programs too. These degrees tend to be more cost-effective because you can complete them faster even while working and also save on outside costs like commuting and child care.
- Work for the College: If you’d like to pursue a degree in the future, now is a good time to pursue career opportunities at a local college or university. Most schools offer free tuition for employees and their family members.
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