College education is expensive. Everyone is talking about the debt burden that comes with it, and they often wonder if the cost is worth it. However, a college education can be invaluable on so many levels. Additionally, there are many different ways you can hack the system. You can even get paid to go to college.
College is worth trying to get paid for
Obtaining student loans is relatively easy for many young people. In fact, older people returning to college often have easy access to large loans for higher education as well. Despite the availability of credit, it is worth taking the extra time trying to get paid to go to college. After all, college costs tens of thousands of dollars. Why should you burden yourself with this amount of debt when you could potentially get paid to go to college instead?
Fill out your FAFSA
The first step in planning the financial side of your college education is to fill out your FAFSA. With this application you are informing the federal government about your financial situation. They respond with information about the loans, study opportunities, and grants that are available to you based on your financial needs. First, take a look at the scholarships and job opportunities. Loans should be your last resort.
Apply for scholarships
The FAFSA informs you about the federal aid for which you are qualified. Hence, it is the first step in getting paid to college. The grants are “free money” that you can use to pay for college. By studying, you can make money on campus to pay for college. Either way, by making money, you are reducing your college expenses.
However, these are just a few of the scholarships available to you. Take the time to search and apply for as many scholarships as possible. In addition to need-based financial support, you can apply for scholarships and grants based on various criteria such as grades, marital status, gender and other demographic factors, age, field of study, athletic and social engagement, and essay-based applications. The more scholarships you apply for, the more money you can potentially make to attend college.
In addition to scholarships and grants, ask your college about tuition waivers. In many cases, universities actually reduce or waive tuition fees. Every school is different, but some of the tuition waiver qualifications include financial needs, school's cultural diversity needs, foster or adopted status, disability, non-traditional student status (e.g., over 60 Years) and much more.
Get paid to attend school through work or military service
You don't have to go to college right after graduating from high school. In fact, waiting until later can often open up opportunities to get paid to go to college.
Military personnel are paid to go to school
One of the most common routes in the past was enrolling in military service. The GI Act helps pay military personnel to attend college. There are other military tuition fees as well, including some for family members.
In addition to the GI Bill and other military tuition fees, military members and their families have access to a variety of different grants and scholarships tailored to their particular circumstances.
Corporate jobs pay you to go to school
But the military isn't the only career path that will send you to school. Sometimes you can get a company job that pays for going to college. For example, you can start as an administrator in a large company. After a certain period of employment, you will receive a degree in a field study appropriate to the company's employment opportunities. Usually you commit to a certain amount of work. Then you get paid to go to college to qualify for this job.
There are some companies that pay tuition fees for almost all employees up to a certain amount per year. For example, according to Unigo's eStudentLoan, UPS employees are entitled to a tuition reimbursement of over $ 5,000 per year from their first day part-time or full-time. They list three dozen companies that offer business education support, including Wells Fargo, Starbucks, Home Depot, Verizon, McDonalds, Chipotle, CVS, and JetBlue. Now, if you are looking for a job that will allow you to get paid to go to college, check out this list.
Student Loan Programs
If you end up getting student loans, consider studying in an area that offers student loan forgiveness. Teachers qualify for student loan forgiveness. You might also consider social work or some other way of qualifying for public service loans. In either case, you will need to prepay your tuition fees with loan funds. Then you need to make your student loan payments (with different options depending on your salary.)
However, if you provide enough post-graduate service in any of the qualified post-graduate service over time, some or all of your student loans will be awarded with no penalty. This provides a long-term way to get paid to go to college if you don't qualify for prepayment options.
In addition to federal student loan programs, you will find funding to provide loans from other profession-specific organizations. For example, The Balance recommends checking out the Nurse Corps loan repayment program and the National Institute of Mental Health loan repayment program if you work in any of these areas after graduation.
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