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How do I pay for College Tuition and Fees Without Being Broke

With the myriad of reasons to return to college and make changes to your career, nothing can curb your enthusiasm quite like contemplating the cost of it. It’s true that tuition costs have increased over the years (as has gas, food and housing). Yes, college tuition is an enormous expense. There’s a lot of talk and debate on how our nation should address college cost. However, it’s also true, the options are greater now than ever before when it comes to paying for colleges, and that some institutions, such as Franklin University, are deeply dedicated to tackling the issue of tuition and making college more affordable. With that in mind here are some secrets to paying for college without costing you a fortune:

Tips to Pay for College

  1. Create a household budget. It’s common to find some money-wasting items within our monthly budget when we’re willing to be honest and admit it. Bottled water, restaurant meals, coffee shops, homes with huge rooms and brand-new cars. These are just several ways we spend too much. Set a monthly budget in order to save money you already have, and then transfer it to college as an investment in your future.
  2. Request assistance. Speak to your employer about how they can help you pay for your expenses. Numerous employers offer some kind of financial assistance, including books, tuition and even paid time off when students who attend classes. It is reported by the U.S. Department of Education, National Center for Education Statistics, Adult Education Survey of the National Household Education Surveys, 96% of fully-time employees had some form of financial support (tuition or books, as well as other materials) from their employer for formal work-related training courses or classes. In addition, IRS law enables and allows employers to provide the tax-free amount of $5,250 for tuition aid.
  3. Look into transfer credits.If you’ve attended a college elsewhere as well as completed professional or military training , find out if your qualifications allow you to transfer credit hours. If it’s transferable, then you’ll be able to complete your degree faster and more affordable.
  4. Get extra credit. You may want to take one or more College Level Examination Program (CLEP) tests. These tests, which are standardized, grant college credit at a cost lower than $100 for each exam. Contact an academic or admissions counselor, too, about portfolio credit, which lets you earn course credit for demonstrated work experience at a college level.
  5. Tap into hidden benefits. Military members and veterans who are eligible could be eligible to receive tuition benefits within the GI Bill. Length of active duty service affects the benefits levels. However, the cost of private tuition and fee reimbursements are currently $17,500 per academic year.
  6. Get scholarships. Scholarships aren’t just for college students. Consider scholarships within your area of influence, such as through professional associations or credit unions. Do a thorough search on internet-based research about specific scholarships by searching for keywords such as “single partner scholarships,”” “scholarships designed for mothers returning back from school” “scholarships to workers who have been laid off” along with “scholarships for seniors.”

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  1. Consider financial aid. The majority of adult students make use from a wide range of financial aid opportunities. Get in touch with your college’s fiscal aid department to discuss the types of financial aid available to you including federal student loan. In addition, since the U.S. government serves as the most important source of financial aid Follow @FAFSA on Twitter for more information and financial aid guidelines coming from Federal Student Aid, an office of the U.S. Department of Education.

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