In today’s economy families are being forced to cut some of their living expenses, including the amount they are willing to pay for college. A survey conducted by the Higher Education Research Institute found that concerns about college affordability are at a 35-year high.
Just because prices are high, does not mean that someone should forgo a college education. There are several ways that students can cut their costs while still earning a degree.
If you have your heart set on a particular school and don’t want to change your plan for financial reasons, think about completing your lower division courses at a local community college. By putting off attending your first-choice school for two years you will be saving approximately $7,500, according to a 2007 College Board report.
If you choose to also live at home while attending community college, you can save an additional $8,000 that would have been spent on room and board at a four-year school. This way you can get a degree, save money and minimize student loan debt.
Yes, college is expensive—but there are many ways to work around the costs.
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