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Saving Money on College-Taking advantage of Flat rates

Updated on June 14, 2013

There is a lot of money to be saved while pursuing your higher education. You could live with multiple people in housing, clip coupons, sell homemade wares, or many other things, normal to the radical. The money saved with any techniques I have read, do not seem to be a real way to save big money on your college education.

With college education prices soaring, tuition has rose over 100% in the public sector and over 60% in the private sector, all within the last ten years. As inflation hits our dollar, everything involved with college cost have risen, so we all need to find ways to save a little money.

The best way that I have found to save money on my education is taking advantage of my college's flat rate offer. I was thinking that it was focused on only online colleges, but i have learned that even most Universities offer the flat rate after 12 credits a term. So you can actually take 16 or 20 credits a term without paying a dime more. Doing this, every credit drops in cost and time can be shaved off those two and four year graduation.

So how do you save money this way? Take extra classes. Not only will you save major money per credit, you can get your degree a lot quicker and really, who doesn't need to get in the job force as quick as possible to pay off those student loans. This may be especially helpful when student loans are destined to double interest rates by July 2013.

With my college, tuition for a term is full time flat rate of 253 per credit. At 16 credits it was less than 150 a credit and less than a hundred when I went to 20. Realistically I think most students could focus more and take ono extra class, even if it is just one. One extra class could save you over nine thousand and 6 months off you school time, double for two extra classes. Imagine, a year off your time in school and 20 thousand that will not be compounding interest while you scrimp to pay if off, the smaller amount will also warrant smaller payments.

Like I said, many ways to save on college, but how many can cut your cost by a third and take a year off your education. Yes, it takes some buckling down, but really what else are you going to school for?


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    • kaiyan717 profile image

      kaiyan717 5 years ago from West Virginia

      That is a very good point, don't bite off more than you can chew! I started at a normal full-time case load and I add a class each term, up to 80 credits a year now. It is definately not worth it if you fail a class, mot financal aid will make you pay to retake the class. But, if you are handling classes and can take on more, the benefits are huge, but a certain level of commitment is needed.

      Great alternative cash saver!

    • phdast7 profile image

      Theresa Ast 5 years ago from Atlanta, Georgia

      You are absolutely right. A lot of institutions now offer a flat rate. I teach at a private university and the semester cost is the same whether you take 12, 15, or 18 hours. which is 4, 5, 6 courses.

      All I would add is that very few people can take six classes and also work more than ten hours a week. I have seen many students try and work 20 -30 hours a week and they failed a couple of classes. So they didn't really save any money and they were horribly stressed out.

      My advice: Work two jobs over the summer and save as much as you can. During the school year try to get a 10 hour a week job on campus. It won't pay great, but you will already be on campus. Doing this you can save thousands and cut 6 to 12 months off the time it will take to complete your degree.