JUNIOR COLLEGE
By attending a community college or junior college for the first two years of college, a student can save literally thousands and thousands of dollars. The cost savings come from commuting locally so there are no dorms or long-distance travel costs, and the classes typically cost less than at four-year schools. Typically two-year schools emphasize teaching capabilities over research skills among their faculty, so you might even learn more in the basic requirement classes you’ll be taking.
LOANS
Basically, although local banks may offer various versions, loans for higher education come in three forms. Stafford Loans are given to students who qualify due to their financial need. You don't have to start repaying these until about a half-year after graduation, and even then, it might be possible to get a deferment if you’re unemployed, or even some portion forgiven by performing some kind of qualifying work, such as teaching in economically depressed urban areas.
Another kind of Stafford Loan is the subsidizer This loan does not depend upon financial need, but repayment begins immediately. There is a similar loan program available for parents of college students called a PLUS loan.
GOVERNMENT GRANTS
Money for college is available at both the federal and state level for students who meet certain financial need requirements. These grants do not ever have to be repaid by the students even if they drop out of school. The hardest part of obtaining these loans are the lengthy applications which require total financial disclosure as well as copies of 1040 tax forms, which means income taxes must be filed early enough to meet the government's application deadline.
COLLEGE SCHOLARSHIPS
The College you go to will offer various students helps with their tuition through grants. The students they are most likely to help are the students who demonstrate the most potential to succeed in a given field of study, athletics, or as a leader. The amount and number of scholarships will vary depending on your school. The basic rule of thumb is the more successful the preceding students have been, the higher number of scholarship programs sponsored.
Sometimes these scholarships have special requirements such as grade point average or perhaps are only available to a transfer student or a minority student. Your school's website and handbook should contain more information.
PRIVATE SCHOLARSHIPS
A huge source of scholarship money comes from large corporations such as Coca Cola, Intel, Apple and Siemens. Scholarships come from such extremes as both the beef industry and a vegetarian organization. You can learn more about these by doing some research either on the Internet or by contacting a college counselor. Understand, the number of these private scholarships is so large that it's estimated a typical student qualifies for more than 30 different scholarships. Some of them require special skills but sometimes it just comes down to being born with the right last name. Harvard University has several scholarships based on such last names as Baxendale, Hudson, Downer, and Bright.
The way this works is that instead of enrolling in two semesters per year, you might enroll in four quarters per year. The quarters are short and you rapidly move though material, enabling you to tackle more subjects. Additionally, there may only be a week or so off in between quarters as opposed to the month students receive between semesters and the long summer vacation.
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