College Finance: The Community College Route

Many people look for ways to earn a degree without the weight of insurmountable debt of student loans. For instance, someone may include working his or her way through college as one way to help with college finance burden. Another way to save money is using the community college route. Attending a community college helps in many ways. For instance, you save money. 

Typically, a community college costs about half the cost of a public four-year university. This means that for two years a student saves the cost of approximately one year of public tuition. That’s less student loan money to borrow. In addition, a student spends less money when transferring as long as they do their research.
When looking at the four-year colleges a student wants to attend, make sure the university’s electives coincide with the community college courses. These courses include general studies classes like English, math, science and foreign languages. This enables a student to spend less time at the university taking courses that he or she didn’t take in community college.
If a student attends a state community college connected to a larger university, it is way to save more money than attending a private one. In addition, he or she may be able to take courses that fit into a future major while attending a two-year college.
While taking the community college route, consider other college finance options. Even though a student attends a community college, that doesn’t automatically transfer to huge current savings. In other words, he or she may be spending more money than he or she has in the bank or the entire expense check within a couple of weeks. Instead, it’s important to track spending while attending community college. Tracking spending is a great way to keep money even after the semester ends.
Save money by carpooling or riding public transportation to classes. Also, you may want to consider sharing an apartment or textbooks with a fellow classmate. It will increase your savings while you’re in school. You may even want to continue this practice once you transfer to a four-year university.
Try to increase the college grade point average, or GPA. The higher the GPA, the more likely a student will have to earn a scholarship. The more scholarship and grant money, the less money a student or his or her parent has to borrow.
The community college route gives a student two options
A student can increase his or her chances of finding a higher paying job while in a four-year school by earning an associate’s degree. The degree can be in general education, liberal arts or his or her major. If the degree is in a specific major, the community college graduate can typically work in an entry-level position in his or her field.
However, a student doesn’t have to graduate with a two-year degree. Instead, he or she can transfer prior to graduation. Regardless of which option a person chooses, he or she will save money.

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