Finding Money For College

Finding Money For College

Finding Money for College: Tips for Current Students

College is a life-changing experience, but it’s no secret that it can come with a hefty price tag. If you're currently in college and wondering how to lighten the financial load, you're not alone. The good news is that there are many ways to find money for college beyond just relying on student loans. Whether you’re a freshman or a senior, it’s never too late to seek out extra financial resources. Here are some practical tips to help you cut the cost of college.

1. Apply for Scholarships

Many students think scholarships are only for high school seniors, but there are countless scholarships available specifically for current college students. These scholarships come from universities, private organizations, companies, and nonprofits. Start by searching for scholarships that align with your major, extracurricular activities, background, or even hobbies. Websites like Fastweb and Scholarships.com are great resources to explore.

2. Look for Departmental Scholarships

Most universities offer scholarships within specific departments, but many students overlook these opportunities. Check with your academic department to see if they offer scholarships for students in your field of study. These awards can be based on academic performance, research, or participation in department-related activities.

3. Work-Study Programs

If you qualify for federal financial aid, you may be eligible for a work-study program. These programs allow you to work part-time on campus while earning money to help cover your education costs. Not only do they help financially, but they also give you work experience and an opportunity to build relationships with professors and administrators.

4. Seek Employer Tuition Assistance

Many companies offer tuition assistance or reimbursement programs for employees pursuing higher education. If you’re already working part-time, ask your employer if they have any educational assistance programs. Some companies also offer scholarships or grants to their employees or the children of employees.

5. Apply for Federal and State Grants

Grants are essentially free money for college that you don’t have to pay back. If you haven’t already, fill out the Free Application for Federal Student Aid (FAFSA) to see if you qualify for federal grants like the Pell Grant. Some states also offer grants specifically for residents attending in-state schools, so be sure to check your state’s education department for more information.

6. Consider Crowdfunding

Crowdfunding has become a popular way to raise money for various causes, including education. Websites like GoFundMe or Kickstarter allow you to create a campaign to raise money for your college expenses. Share your story, outline your goals, and encourage friends, family, and even strangers to support your journey.

7. Take Advantage of Tax Credits

If you or your family are paying for college out of pocket, you may be eligible for tax credits like the American Opportunity Credit or the Lifetime Learning Credit. These credits can reduce the amount of taxes you owe, which can help you save on college costs.

8. Find Internships with Tuition Benefits

Some internship programs offer tuition reimbursement as part of their compensation package. Research internships related to your major and inquire about any educational benefits they offer. Internships are also a great way to gain real-world experience and potentially secure a job post-graduation.

9. Attend Free Financial Workshops

Many universities offer free financial literacy workshops for students. These workshops provide valuable information on managing money, finding financial aid, and budgeting for college. Attending these sessions can help you discover additional ways to cut costs and manage your finances more effectively.

10. Learn More with "Money Matters: Cutting the Cost of College"

For more detailed advice on how to save money on your college education, check out Gloria Calhoun’s ebook Money Matters: Cutting the Cost of College. This book is packed with tips and strategies to help you find scholarships, apply for financial aid, and reduce your overall college expenses. It’s a must-read for any student looking to graduate with less debt and more peace of mind.

Click here for a copy of the Ebook; Money Matters: Cutting the Cost of College on Amazon.  

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