6 game-changing ways to save money on a college education | FOX Business

6 game-changing ways to save money on a college education | FOX Business

6 game-changing ways to save money on a college education | FOX Business

For many students and families, the rising cost of higher education feels daunting. With average student loan debts nearing $40,681 in the U.S., navigating college expenses has become a balancing act. While tools like FAFSA can provide grants and loans, they often fall short of covering the full cost. But there’s hope—creative strategies exist to make college more affordable without taking on debt.

Starting at Community College is a smart move for budget-conscious students. With average tuition for a public 2-year college at $3,440 annually (compared to $9,410 for public 4-year in-state colleges and $32,410 for private universities), this path can save thousands. Many students transfer from community colleges to prestigious universities, earning a degree with big-name recognition for a fraction of the cost. As college admissions strategist Greg Kaplan explains, “You get the prestige without the full price tag.”

Partnering with Employers is another savvy option. Companies like Starbucks, Amazon, and Walmart offer tuition reimbursement programs, sometimes covering a bachelor’s degree. These benefits help employees gain valuable skills while keeping their tuition bills in check. Even parents’ employer benefits, such as scholarships for employees’ children, can contribute to significant savings.

If you’re thinking long-term, 529 Plans provide a tax-advantaged way to save for education. Although they may not cover full tuition, small contributions can grow over time, easing future costs. And for students willing to put in extra effort, high SAT or ACT scores unlock automatic scholarships at many universities, some totaling up to $30,000. Preparing for these tests can feel tedious, but the financial rewards make it worthwhile.

Lastly, state consortium programs are a hidden gem for reducing out-of-state tuition. Programs like the Western Undergraduate Exchange allow students to attend schools across the western U.S. at significantly lower rates. Similar agreements exist in other regions, giving families more options to find an affordable and quality education……….full-loaf-600x400-1-e1700879832480 6 game-changing ways to save money on a college education | FOX Business[read more]

Rising Dough

Rising-Dough-e1700879911412 6 game-changing ways to save money on a college education | FOX BusinessHow can businesses, universities, and consumers (students and their families) collaborate to create more accessible pathways to higher education while maintaining the quality and sustainability of academic programs?

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