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Student Loan Debt Let’s face it college is not cheap. Many students
will have to take out loans in order to attend. However before deciding
which school to attend one must fully understand the financial obligations
that come with it. There are options that can help reduce your overall cost
of college. Attend Community College Many
community colleges cost less than $2,000 a semester which is significantly
less than a 4-year school. Many are able to pay this cost out of pocket
without having to take out loans. They offer more night classes and smaller
class size. The ability to explore more major options because of the reduced
cost. Overall, attending a community college will allow extra time to
determine on which 4-year school is right for while saving a substantial
amount of money. Grants
& Scholarships Grants and
Scholarships are a great way to reduce the expense of college. Federal Pell
grants are income based and if you apply for the FAFSA you will receive aid
if you qualify. Scholarships are another great way to receive money. The
simplest way is to just google search scholarships and apply for ones that
you are qualified for.
The figure above shows the rising costs of
college tuition. Useful Links 1. https://studentaid.gov/data-center/student/application-volume/faq 2. http://www.collegescholarships.org/grants/101-grants.htm 3. https://finaid.org/calculators/loanpayments/ |
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The information presented here is the full responsibility of Tyler Thimjon and not that of California State University, Sacramento.