The New York Times reports that college tuition is rising so rapidly that soon only the financially elite may be able to afford college tuition. A recent report from the National Center for Public Policy states that “College tuition and fees increased 439% from 1982 to 2007.”
During this time of recession in America, colleges are receiving fewer large donations and hence tuitions may rise at unusually high rates in the near future. Many families may be faced with skyrocketing college costs at the same time they may be losing jobs and their investments are declining in value.
The good news is that there have always been ways to obtain a college education without spending a lot of money. Families need to be creative and aggressive to find ways to finance education. A strong education is always a good investment.
Ways to Obtain Education without Spending a lot of Money
Free Grants for Tuition
Harvard, Princeton, and many other colleges offer full tuition grants to students who are eligible for financial aid. Be sure to call colleges you are interested in and ask if they offer this sort of grant. Some colleges are able to offer this type of grant due to large donations from alumni.
If you are successful alumni of a college perhaps you might want to help struggling families and make a donation to the college to provide educational grants.
Move to Kalamazoo, Michigan
Kalamazoo, Michigan has a program called The Kalamazoo Promise that provides full college tuition to students who have lived in the town in the K-12 years. Even students who move to the district later during their education get partial tuition coverage. For more information go to: www.KalamazooPromise.com.
More towns should start programs like this. Contributions for the program come from businesses and private individuals. If you have some time available call your local Board of Education and offer to volunteer to do fundraising for scholarship money.
Obtain a Job at a College
Some colleges give tuition reimbursement to students. Thus if you work on a college campus you may be able to take classes for free. This is a very valuable job perk.
Start at a CountyCollege
Save huge money by attending a county college for the first two years of college. If your grades are very high there you may also be able to obtain scholarships to cover tuition for a four-year college to finish your degree.
I started my education at a county college and I found the education there just as strong as that I received at the college where I later obtained a B.A. degree.
Work During College
Many students have a real job during the day and attend college at night. This is a very demanding way to earn a degree. However, in difficult financial times students have always done this.
Go to College Abroad
Some colleges abroad offer reasonable tuitions. This may be an option worth looking into.
Go to a State College
State colleges traditionally offer the most reasonable tuition costs. Check out your local state colleges and enjoy getting a great education at a reasonable price.