How can I save money in college?
There are several options you can pursue to make going back to school more affordable
By Laura Jeanne Hammond, 8/17/09
By making a few different choices, you can save money on college. Here are some ways to do it.
Choose an in-state school
Public colleges and universities often charge in-state residents less for tuition than they charge for nonresidents. That’s because the state’s taxpayers support the public schools. You might as well benefit.
Take classes at a community college
Attend a community college, then transfer the credits for your bachelor’s degree. Speak with a transfer adviser before you enroll to ensure that your credits will transfer to the college and program you have in mind.
Research special adult programs
Colleges with special programs tailored to adults may offer convenient billing options or class hours that allow you to maintain your full-time job. Ask the colleges in which you’re interested about any special adult programs, including degree completion programs, for which you may qualify.
Tuition discounts
It never hurts to ask the financial aid office if there are any tuition discount programs for which you could be eligible. Also ask the financial aid department if they are aware of tuition reimbursement programs through your employer.
Ask about a payment plan
A tuition payment plan will break down your school fees into monthly payments instead of requiring a lump sum at the beginning of each semester. This can reduce the amount you end up borrowing—or paying in interest.
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