How To Finance Your College Education Without Going Into Humongous Debt
If you want to go to college, you can. You may have been told otherwise, but I am here today to let you know that you can gain access to college education today. I read a hub about college being overrated, and it sparked my thinking. There are pros and cons to going to college, and without proper guidance, college can be a burden instead of an asset.
First of all, college is one of the most expensive undertakings you will ever do in your lifetime; therefore it takes much forethought. I think that an educational fund should be a default when a child is born. If a child does not use this money for college, nothing is loss. There will be many good reasons to use the money. Saving money is always a good choice.
How To Find A Scholarship
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Children learn how to prepare for their future through observing their parents and close relations. Our children should be given the best education we possible can give them so that they will value their early school. We should teach them to do the best they can, and college will pay for itself. College is not a babysitter or a time to kick our kids out so we can have some freedom…..I think some people do this though. College is a developmental stage when young people turn into responsible adults. College is when a new level of maturity happens in a child’s life. There certainly are other opportunities that can mature a child, but I will not get into them here.
Secondly, have a goal for attending college. What major will you be studying? What career are you pursuing? Why are you attending college? These questions must be answered honestly, and only you know the answers. Can a Community College/Two-Year college satisfy your need? Community College is an excellent choice to help a student prepare for a more rigorous academic career, and it is less costly than a Four-Year College. I have known some students to start at the Community College and then transfer to a Four-Year College and finish their degree. An Associates Degree may suit your college and career goals. Make sure to check with your state about scholarships. In some cities in Michigan, the Community College has partnered with the Schools to award deserving students with Free Tuition to get their Associates Degree. I think this is fantastic. Remember when I said, teach your student to do the best they can in school. In many instances, your do not have to be an honor to student to take advantage of scholarship offerings.
If you need a loan, get a government loan. Government loans for students are low interest loans that do not have to be paid until a student completes their education. Repayment starts months after graduation.
Students Help With Financing Their Education
Find creative ways for students to gain access to college education.
Students can work summer jobs and save the money. All monetary gifts a child receives can be put in their educational fund. This is certainly easier said than done. But if children have conscientious parents, at least students will be aware of what they will face in the future.
Lastly, parents can get a 529 College Savings Plan for college. You make regular contributions to this plan where you save money for college. Read the policy and penalty's for early withdrawal, if any.
As for me, I received college financial assistance from four sources:
Myself, My parents, the College and the Community