College Tution is an important component of a student's education. The price of attending a college is consistently rising. According to a report published on MSNBC average tuition for a 4 year public college rose by 6.6 percent in 2007 and is expected to rise even higher in the coming years. But the good news is that there is approximately $145 billion worth grants, financial aid and scholarships are available. In addition to that parents and students can participate in a 529 plan where the tuition is guaranteed to attend to a public school. Any deficiency can be funded by borrowing through a student loan program.
4 Year Public College Tuition
To attend a four year public college it may cost up to $10,000 a year. If a student has a financial need, then most of it can be covered by Federal Financial Aid. Aprroximately 60% of the total students attend 4 year public colleges.
4 Year Private College Tuition
The four year private college may cost up to $30,000 year. While it may seem like a high cost, most of it can be funded with financial aid and private scholarships set by schools to lure top students and athletes.
2 Year Community College or Technical College Tuition
The two year community college or technical college costs much lower than a 4 year college. Students may be required to pay up to $2,500 a year to attend a 4 year college. Some 2 year collleges have also started offering a 4 year degree either independently or in partnership with a public university. In such case the tuition is much lower than the private college. Bellevue College previously known as Bellevue Community College in Bellevue, WA is such an example.
Ways to Reduce Your Tuition
- In addition to going for the financial aid, grants and scholarships you can reduce your tuition by attending first two years at a community college and the second two at a Univesity.
- If you are attending a private college, see if they are willing to transfer some credits from a public university. You can take summer courses at a public school and transfer them to a 4 year private school.
- You shouuld check if your school allows credits through College Level Examination Program (CLEP). With CLEP you can buy some books, self study and take an exam.
- If you are attending a public school, then the chances are that you may be able to take some credits for free once you have meet the maximum tuition criteria. For example, some public schools charge only for 15 credits and anything above that is free. It may sure put extra study burden on you but you will be able to save lot of money and even graduate faster. Which means you can start earning the big money much sooner than your classmates.
Education is an Investment
Last but not least, you should consider education as an investment which is going to pay off for the rest of your life by allowing you much more than a high school graduate. Please don't forget to read Why should you attend college a free college advice article on our website. Other article to consider would be Saving for College.