Offbeat methods to pay for college
Dwindling state and federal aid, lower endowments and drops in fund-raising have forced many colleges and universities to raise tuition and cut back on financial aid. This means you suffer the burden of high fees and don’t know if you should continue with higher education since you may be paying back the loan for the rest of your life. A very real scenario, but don’t get upset. This country is not called the land of dreams and innovation for nothing. (Well if it hasn’t been called so yet, let’s begin calling it that way from now on.)
So, where was I? Yes, as I said before, don’t be disheartened yet. Did you know that you could pay for college or at least some part of it using some really innovative methods? These creative methods keep your college dream on track and help you reduce your debt burden as well. Interested? Read on:
Accelerate your degree: Never heard that one before? Well, accelerated classes cram a semester’s worth of material into six- or eight-week sessions. The classes are intense of course, but they really help to move up your graduation date. You land the degree you want at a much lower price.
Check if your college offers accelerated degree programs. Quite a few schools do offer bachelor’s degree programs in three years instead of four. However, you must remember that an accelerated degree program is a great option if you have a clear career goal. You should be ready to work real hard. If you are, then go ahead and put your college education on the fast track.
Contact your rich uncle: Don’t have one? Don’t worry. Just get onto the website MyRichUncle, which provides money from private investors to college students who need help with education expenses. In return, you have to agree to pay a fixed percentage of your gross future income for a fixed period.
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