Student Loans: Can You Avoid the Trillion Dollar Problem?
Clients ask us daily: Where are the ideas on how to pay for, at least part of, a $60,000 University education?
1. Don't go to a college that charges that much--Live at the parent's house, attend Community College, transfer and then pay for only 2 years at a private college. Transfer out rates are online. That stat generally tells you how many transfer students your college of choice needs.
2. Study hard in high school, maintain above a 3.5 gpa and attend a school that offers merit aid. Supply and demand is a useful principal in implementing this strategy. Even for very high-income families!
3. While in college, apply to be a residential advisor to earn stipends AND/OR waived dorm fees.
4. Study hard in school, take lots of AP's and only go to a college that will give you credit for all of your exams, graduate early thereby saving, potentially, a semester to over a year of college tuition. If you are able, speed up the process even more by taking an extra college class each semester.
5. Did we mention: Study Hard In High School!!! There's little-to-no aid available for average students. And, if you are not a high achieving student, why not go to your local CC first, or take a MOOC, or try Vo-Ed and figure it all out.
Shameless plug: Don't Stress: We, at A+, can help you with all of the above!
For those interested in learning more, here are links to very worthwhile reading on the subject.
good background on issue: http://www.nytimes.com/2015/01/25/upshot/a-quiet-revolution-in-helping-lift-the-burden-of-student-debt.html?action=click&contentCollection=U.S.&module=MostEmailed&version=Full®ion=Marginalia&src=me&pgtype=article&abt=0002&abg=1
what a typical community college charges: http://web2.cuyamaca.edu/hsout/fees.asp
a typical merit aid matrix: http://www.millsaps.edu/administrative_offices/financial_aid_types_of_assistance.php