College costs can be pretty intimidating. But if you have your heart set on one particularly expensive school, you shouldn’t necessarily let it stand in the way of your education. There are ways students can cut costs.
GoEnnounce offers 3 tips to help you scrimp and save for your education:
1. Financial Aid and Student Loans.
There are lots of options to apply for financial aid and student loans to assist you with that hefty tuition bill. Upon acceptance, you can see what types of aid you qualify for by going directly through the school’s financial aid office or check into other popular types of government aid such as FAFSA, Federal Student Aid, or StudentLoans.gov.
Be cautious though because while financial aid is the most basic and most frequent means of making sure that tuition bill gets paid, it is also the number one cause of student debt. Why? Any loans or aid you take, you must pay back, plus interest. Forbes estimates that it costs about $2 to pay back every $1 borrowed in student loans, so it’s important to keep that in mind when applying for Financial Aid and looking over your package. Forbes recommends looking at the net price (the cost of the school subtracting only scholarship and gift aid) so you can have a better sense of what you might need to borrow.