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Paying for College Without Getting Into Student Loan Debt

College can be a great investment. According to some sources in the United States, attending college can help people make more than half a million more over the course of their career than someone who never attended. Professionals may greatly appreciate the opportunities available to them after they graduate from college.  However, they have to consider the cost of attending.

The average cost of tuition in the UK is £8393. Although this sounds expensive, it can be worse in the United States. Even after taking scholarships and other grants into account, United States graduates usually graduate from college with $25,000 in debt.

Fortunately, there are plenty of ways to drastically minimize your college debt. Obviously, looking into college scholarships is a great idea, but they shouldn’t be  your only option. Here are a few other things you can consider:

  1. Take college classes while in high school. There are a couple of different ways you can get college credit before you ever enroll. One strategy you can consider is taking AP classes. These are advanced classes that you can take in high school that will transfer to a four-year college after you take an AP exam. You don’t have to pay tuition for these classes, because they are taken while you are still enrolled in high school. You can also enroll in college classes while you are still in high school. If you take these classes at a local community college, you may save a substantial amount of money when you transfer to a four year school. However, you should make sure that the class will transfer before enrolling.
  2. Look for free institutions. Many colleges provide opportunities where you can actually enroll for free. Olin’s College and Cooper Union are two colleges that have been set up to allow students to attend at no-cost. Consider your desired field of study and see if there are any colleges that provide opportunities to study for free.
  3. Get assistance from your employer. Many employers have continuing education programs to help their employees. If your employer has a program set up, look into what you need to do to be eligible for it. Different employers have different requirements. If you are not eligible to join the program right away, consider waiting a few years. It may be worthwhile.
  4. Spend some time in the Armed Forces. In the United States, if you join the military you can take advantage of the GI Bill after you graduate. This will help you pay nearly $20,000 a year towards your educational expenses.

College is a great investment, but you have to consider the price tag before you attend. Look into whatever options you have to minimize the cost before you enroll. If you can graduate without any student debt, then you are shooting par my friend.