The cost of college is rising. Scholarships and FAFSA can only cover so much tuition. Not many people score full-ride scholarships, and getting a loan keeps students in debt.  Is it possible to graduate debt-free from college?  It’s every student’s dream, and with good college planning it’s possible.

Financial planners can provide options for your college education.  They will analyze every financial asset from you and your parents and give you honest feedback about your options.  This is an investment that’s worth it.  You can also make a step to save money by doing the following.

Choose your degree wisely. All students should have a plan on what they want to do in life. Then pick the degree or degrees that will satisfy that career. Some colleges have degrees that cost more than others. Choose a degree that will meet your goals and grant you a job without hurting your wallet.  Choosing your degree is also important because we don’t have a plan.  We go to college with no idea on what to do with our lives.  Majoring in ‘undecided’ or ‘undeclared’ pressures us to pick a career in two years or less; some people need more time to figure their life out.  Transferring from one major to the next is wasting your time and everyone else’s money.

Save money by transferring schools or going online. Starting your college degree at a two-year or technical college and finishing it at a four-year college or university is a smart option. It saves more money than starting and finishing at the four-year school. Online degrees are also available at a fraction of the cost. Most colleges let you pay in-state tuition, even if you’re out of state. It also eliminates campus fees.

Go to a public college in-state. Most colleges have in-state and out-of-state fees. Going to public college in the state where you live in saves more money than choosing a college in another state.

Go to an out-of-state college charging one flat cost.  Choose a colleges that has one cost per credit hour or one flat cost per semester/year for in-state and out-of-state students.  In-state students will see that school as ‘expensive,’ but you’ll see it as ‘a sweet deal’ and ‘affordable.’  It’s simply the best deal for out-of-state students.

Get a job. Don’t wait until after college and ‘hope’ that a high paying job is waiting for you to pay off your debt. Having a paying job during school will garner some money to pay off high tuition costs. By the time you finish your degree you will owe less than the amount it was before. It’s hard to juggle both work and school, but it will be worth it in the end. A better alternative is to get a summer internship. Not only will it pay you more than the average job it will generate work experience in your field and teach you information outside of the classroom.

Contact us for more information about saving money for college and other important savings information.