Tag Archives college education

How to Pay for College Without Going Broke

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Have you ever wondered how to pay for college without going broke? Paying for a college education can be a very expensive endeavor. Thankfully, to those with a bit of foresight and a clever streak, there are ways to pay for it without going broke. Here are a few suggestions on just how to do this.

Residency

how to pay for college

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To get the best tuition rates at any college, you must be a resident of the state in which the school is located. If you need to start college immediately after high school, it makes sense to focus on schools within your home state to get the lowest tuition. If you are focused on out-of-state schools and are able to wait before enrolling, move to the state the school is located in and establish yourself as a legal resident. The length of time required will vary by state, so inquire to the college first.

Graduation Rates

When a school has a low graduation rate, it means there are issues with the student body either graduating on time or graduating at all. Keep in mind that any additional length of time past 4 years that it takes for you to graduate is money wasted on extra tuition, books, and other fees that need not be spent if you had graduated on time. It also means wasted time that you are not in the workforce earning money. Before submitting any applications to a school, make sure to verify what their graduation rate actually is.

Private Loans

While it may be easier to get a government-backed student loan because there is no credit check, you should still try and get a student loan from a private lender if at all possible. Not only are the repayment options more flexible than with the popular alternative, but a private lender may also allow you to skip a payment once a year with no negative effect on your credit score or standing with them.

Stay Home If Possible

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While living on your own when you are in college may sound quite exciting, in reality, it is also quite expensive. Covering your dorm fees with loan money just means all the more money that has to be repaid after graduation. While it may not be ideal for your social life, continuing to live with your parents while still in college is certainly an economical way to having a roof over your head. If this is simply not a feasible option, look for scholarships that also cover the cost of housing on campus.

Employer-Matched Funds

If you are already working for an employer in an industry that you are interested in going into, ask if they have a tuition reimbursement program. This allows you to work and earn money while that same employer pays for a portion of your schooling so you can advance in the company. Each employer will have different requirements when entering into such a program so make sure to ask what the specific rules are before entering into any kind of agreement. This can be a great option for those students who already know what they want to do.

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What are the Best Ways to Save Money as a Student?

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What are the best ways to save money as a student? Money can be a major issue for students, especially towards the end of term when your termly installment of your loan may be coming to an end. This is why it is so important for students to know the best ways that they can save money, which will help them to be happy and comfortable throughout every week of term. Here are a few ideas for ways that you could save.

Food Shop in the Evenings

Best Ways to Save Money as a Student

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Going to the supermarkets in the evening could be a smart way to save money as you will find that supermarkets will start to drop prices on items that they need to shift towards the end of the day. Additionally, you could make long term savings by buying in bulk, non-brand products and at affordable supermarkets – you should also never shop when you’re hungry!

Bulk Cook

Following this point, it will also be much cheaper to bulk cook meals from scratch which you could then enjoy throughout the week or share with housemates and set up a cooking rota. Buying ready meals, takeaways and easy items like pizza will cost a fortune, plus it is much unhealthier than cooking from scratch.

Budget

Having a budget for the entire term and sticking to this is key for controlling your spending. It might be tempting to splash the cash on new clothes and nights out at the start of term, but if you do not do this within a budget then you might find yourself missing out on social events and struggling by the end of term. If you do find yourself struggling, you could always take out an extra student loan to bridge any gaps and then implement the best ways to start saving.

Consider Extra Income

Assorted bottle inside bar

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You could also look into boosting your income, but this is something that you need to be careful with as you will not want it to interfere with your studies and you will want some flexibility. This is why bar work can be good or you could even look to earn some money online in your spare time – every little helps.

These are a few of the best ways that a student can save money and hopefully be able to enjoy themselves throughout each term. It can be challenging as a student, but there are ways to make sure that your money lasts while still having fun, eating a healthy and nutritious diet and covering other important costs.

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Sorry, But There’s Still No Substitute For A College Degree

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A lot of people are skipping college these days for many reasons but we’re here to say sorry, but there’s still no substitute for a college degree.  Steve Jobs dropped out of college and then went on to create the most successful computer company in the world ever known. Bill Gates did the same thing, and even years after retiring from Microsoft, he is still the top three wealthiest people in the world. 

no substitute for a college degree

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The lesson seems clear: if you want to get ahead in life, skip college. It’s a waste of time that only holds you back. 

When you peel back the curtain a little more, however, you find a different story. Sure, there are examples of exceptional college drop-outs – many of which went into the tech sector – but there are many more stories of the failures that you never hear. 

Every year, millions of people avoid going to college, believing instead that they’re better off starting the career directly from school. With the costs of education on the rise, it seems like a prudent decision. Avoid debt and get on the career ladder early so that by the time you get to your thirties, you’re ahead of the pack. 

The truth, however, is that if you want to get into any lucrative sector of the economy, you need a college degree. Over the last fifty years, the types of jobs available have bifurcated. There are plenty of entry-level positions in retail and hospitality, and lots of high-end jobs in the tech sector, but fewer in between. Unless you go to college, you stand the risk of gravitating towards the lower end of the spectrum, earning much less overall than your potential. 

no substitute for a college degree

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The Best Jobs Are In Sectors That Require A Degree

If you look at all of the sectors offering the best jobs for graduates, they all require a college or university education for entry. If you don’t have a degree to your name, you stand little chance of success in these areas. The investment, though, is arguably worth it. 

Take healthcare, for instance. As the University of Southern California points out, the work available for people going into the health sector is going to explode over the coming years. The aging population, combined with high levels of immigration, is going to put pressure on the system and require more people to take on roles. These are major demographic shifts that are already “baked in,” meaning that pretty much nothing can prevent them from taking effect. 

As healthcare is slowly increasing in demand, coupled with the necessity for very specific skills, this is where online nurse practitioner programs and other courses that are exclusively online can make all the difference in the modern age. For those who are looking to change their career or start towards a new life with new skills, online courses can provide a suitable entryway.

In addition to being convenient, ARNP programs online offer other benefits as well. The admission process is usually streamlined, so it is easier to complete, and you can start courses sooner. It is also usually a more cost-effective way to take school since you are not going to pay for housing and books are usually online as well. 

Another area is computing. Traditionally, people didn’t need degrees to enter this sector of the economy, but with more graduates available than ever before, hiring practices in tech firms are changing. They now often seek out people with qualifications. Those without are the exception. 

What about the biotech space? This industry will grow tremendously over the next few years, but employers won’t even review applications that don’t have a degree behind them. 

Conclusion

The writing is, therefore, on the wall: if you want to get ahead, you still have to obtain a degree. Examples of successful drop-outs are the exception, not the rule. Unless you have a fantastic opportunity right in front of you that you can exploit, getting an education is usually the best investment you can make. 

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