By the time you’ve earned your high school or GED, you may think about going to college. Now, this may come at a hefty price, but there some colleges that make it financially easier on you. These colleges may not be right around your corner, but maybe you have some relatives that live around one of the listed schools, or you may find some other solution to deal with distances.
In the following video, Nash McQuarters discusses if tuition-free community colleges will have a positive effect on American communities at a recent Tulsa Community College TEDx meeting.
So, as you know, college is expensive, but you can actually go for free if you want to, believe or not. Going to college for free does require a lot of planning and effort on your part, yet it will be rewarding knowing that you have zero debt. You should make sure you have some kind of source of income, for example, get involved in educational activities.
But even having some income everyone welcomes the opportunity to go to college for free, so here are tips on how to get tuition-free colleges. There are a number of colleges all over the country that are officially tuition-free. This means that all of their students will receive scholarships or grants to cover the cost of attending the institution, but they may still have to pay for their living expenses. Read on to check out some tuition-free colleges!
Berea College – This is a small liberal arts college located in Kentucky and they automatically offer all admitted students full scholarships that cover their tuition and fees for four years. The institution also helps some students pay for room and board by providing work-study programs.
Webb Institute – Webb Institute is a small undergraduate institution in Glen Cove, New York that offers students a solid education in engineering and naval architecture. They offer all students full scholarships to cover their tuition for all four years, but students will be responsible for room and board.
Curtis Institute of Music – This is one of the best music conservatories in the country (Philadelphia) and they provide full scholarships to all of their students, whether they are enrolled in undergraduate or graduate programs.
Cooper Union College – One of the most prominent institutions in the city of New York, it gives all students full scholarships and the choice to major in fine arts, architecture, or engineering.
Low-interest student loans
Your high school or GED diploma will certainly result in better employment opportunities and is also your ticket towards a college education. But how to pay for that?
Getting a student loan to attend post-secondary education is often necessary. The costs of advancing your education are higher than ever, and not many students are able to afford these costs all on their own, without any financial assistance. Student loans may be an ideal choice for you if you need financial assistance to get through school, but you do need to take the time to find the right student loan for you. Each person is different and has different needs and preferences, but low-interest student loans are always the best option.
The low-interest student loans cost less overall because you have less interest to repay. These low-interest loans have made it possible for millions of students to further their education, which they likely would not have been able to do otherwise. There are in fact various low-interest student loans available, each with its own differences that set it apart from the others.
The Federal Stafford Loans are a popular choice. They are awarded based on financial need so you must apply and be approved as an eligible candidate first. You can obtain a Federal Stafford Loan through your bank, a credit union, or in some cases directly through the school. When it comes to education, there is, of course, more that matters. See also this post: Does Class Size Matter?
This form of financial aid is to help an undergraduate or graduate student pay for their education. The amount you are approved for can vary, and you may not get all of the money you need for the cost of your schooling, but it will certainly be enough to help.
Some of the benefits of this particular low-interest student loan include a low fixed interest rate, increased borrowing limits, no payments required while you are still enrolled in school, and your acceptance is not based on credit. This is very favorable for students with bad credit, who are not likely to get accepted for loans through a bank or other facility.
Another option for a low-interest student loan is the Perkins Loan. This type of loan is offered to undergraduate and graduate students who require financial assistance to further their education. It is considered one of the best student loans available, with no origination or default fees, a low-interest rate, and a 10-year repayment period.
This ensures you have plenty of time to pay back the required amount, without having to stress and worry about how you are going to pay the loan back in just a few years. You are able to finish your schooling, get accepted for a job and start to make a career for yourself first, so you can actually even afford to pay the money back.
Once you are aware of and educated on the different types of low-interest student loans available, you can make the best decision on which is right for you. Based on eligibility requirements and your financial need, you can make the determination of which loan or loans are worth applying for. Once you are approved you can get started with your post-secondary education and get the training you need to obtain a rewarding career.