Furthering one’s education beyond high school through college, graduate school, vocational training, or other programs can be extremely rewarding. However, higher education costs have been rising steadily, making it difficult for many to pursue academic dreams. Fortunately, there are ways to cut costs and make further education more affordable. Here are some tips.
Look into Scholarships and Grants
One of the best ways to reduce the cost of further education is to apply for scholarships and grants. Many organizations, companies, non-profits, and even the government offer scholarships and grants to help motivated students fund their academic goals. Research scholarship and grant opportunities that fit your background, field of interest, academic merit, extracurricular activities, community service, financial need, and other criteria. Then, dedicate time to submitting thoughtful and complete applications. Even smaller scholarships and grants can add up to significant savings.
Consider Federal Student Aid
Federal student aid from the government is another valuable option for funding further education. Options like Pell Grants, Federal Work-Study programs, and low-interest Federal Student Loans are available to eligible students through the Free Application for Federal Student Aid (FAFSA). Fill out the FAFSA each academic year to determine your eligibility for federal aid.
Choose an Affordable School
Consider the cost of tuition and fees when researching and applying to schools for further education. In-state public universities and community colleges often have much lower tuition costs than private or out-of-state institutions. Don’t assume a higher sticker price means a school is of better quality. Look for hidden gems that offer your program of interest at an affordable price point. Also, look into part-time enrolment if possible, to reduce costs.
Online courses may offer better value for money and more flexibility. Studying for a Webster University online master’s, for example, means fewer costs, and you can study around a full-time job.
Minimize Living Expenses
Look for ways to save money on living costs while in school. Having roommates, living at home, and minimizing discretionary spending can help significantly. Also, be strategic about transportation methods. Living near campus or public transportation can allow you to avoid the high costs of parking, gas, car maintenance, and insurance. Lastly, rent textbooks, access free online resources, buy used copies, and resell when done to save.
Work During School
Getting a part-time or work-study job while in school is a great way to help cover living expenses and offset tuition costs. Look for opportunities on or near campus that offer flexible schedules for students. Just be careful not to take on so much work that it compromises your studies. Students who work a moderate number of hours can gain valuable experience, skills, and income to make further education more affordable.
Leverage Employer Education Benefits
If you are already employed, check whether your company offers education benefits or tuition assistance. Many employers provide scholarships, stipends, reimbursement programs, or other incentives to help employees pay for further education. These programs often require you to continue working for the company for some time after earning your degree.
By researching all your options and taking advantage of every opportunity, you can make furthering your education much more affordable. With some effort, persistence, and creativity, you can reduce the financial barriers to reaching your academic and career goals.
Friends, what are your best tips for making further education more affordable? Please leave your thoughts in the comments below.
