Slashing College Costs: Alternative Strategies for Savings

Education News

Slashing College Costs: Alternative Strategies for Savings
COLLEGE COSTSSTUDENT LOANSFINANCIAL AID
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Rising college costs pose a significant challenge for students and families. While FAFSA is a crucial tool, relying solely on it can lead to substantial debt. This article explores practical and cost-effective ways to reduce educational expenses, including transferring to a more affordable school after two years at a community college.

For many students and families, the rising cost of higher education feels like an insurmountable challenge. Questions like "Which school is the right fit for me?" or "Does prestige carry more weight than expertise?" carry their share of weight, but one question consistently stands out: "How can I save as much money as possible?" Numbers show the total average student loan debt – including private loan debt – in the U.S.

Rather than relying solely on their employer, some college applicants can benefit from their parent or guardian's employee benefits, most commonly through company scholarships. Companies like Chevron, PepsiCo, and Wells Fargo offer scholarship opportunities reserved for children of eligible employees. PepsiCo's Foundation Family Scholars program, for instance, offers a renewable reward of up to $5,000 for selected winners who will pursue an eligible education program with the funds.

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COLLEGE COSTS STUDENT LOANS FINANCIAL AID TRANSFER STUDENTS COST-EFFECTIVE OPTIONS

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