Four Ways to Pay for College:
College in the USA is expensive. Very expensive. This is especially true if you are looking to study at a private university, which charges around $46,000 per annum. In fact it’s cost is one of the key reasons why a lot of Americans, especially those from working class backgrounds, decide not to go to college at all.
Nonetheless, with risk comes reward: the high cost of college can be compensated by higher salaries. In fact, somebody who goes to college makes on average a million dollars more than someone who only went to high school. If you are thinking about going to college but you are not sure how you are going to pay for it, we have written this article so you can make the best possible choices available. Read on for four ways to pay for college.
Get a Scholarship
Is your GPA very good? Or are you particularly talented in a certain field? Then you may be eligible for a scholarship. A scholarship could mean that either part of the entirety of your degree would be completely funded by a third party. For example, there are a range of very good sports scholarships USA available for those who want to balance their studies with pursuits such as basketball or American Football. While you may think that this option wouldn’t be possible for you, there is absolutely no harm in just applying.
Get a Part-Time Job
There’s no shame in getting a part-time job to help you through your studies. In fact, it has been found that around 43% of full-time university students had a part time job to help them pay through college. It’s worth pointing out that a lot of these universities themselves offer jobs through their own internal portals, meaning that you can often take part in other parts of university life while getting paid for it.
Get a Student Loan
Student loans are the most traditional way to pay through college, and they have been a tried and true method for the majority of college students — especially as fees have been rising. The benefits of this approach vary. While they will allow you to attend college upfront, the amount of money eligible to be repaid can leave you constantly in debt. The really important thing to do here before getting a loan is to read all of the fine-print so you have the most favorable terms possible. The worst option you can have is a loan that forces you to pay over the majority of your earnings each and every month.
Lean on Friends and Family
Chances are, one of the best support systems you can lean on are much closer to home than you think. Talk to your parents and ask if they will be able to contribute to your college fund, or ask your best friend if they can loan you some money here and there. You may be surprised by the depths of their kindness and generosity.