Financial tools: Considering student loans options

Financial tools: Considering student loans options

According to Vystar Credit Union, the following tips will take a bite out of someone’s total education costs and reduce their dependence on outside financing. They can all be put into action long before orientation day rolls around.

1) Do the Two-Step

The college two-step means splitting studies between two schools. Students start by attending a more affordable institution for your general education courses, and then transfer to a school of choice to complete a degree

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2) Go for Extra Credit

Find out if there are any opportunities to earn college credits while still in high school. Beyond reducing college tuition costs, advanced college credit programs are an excellent way to explore interests more seriously and to get a sneak preview of what a college workload will look like.

3) Seek Out Scholarships

Apply for every form of scholarship, grant and tuition waiver available. It’s never too early to start a scholarship search—reach out to high school guidance counselors or the financial aid coordinator at a desirable college. Visit scholarship search engines and online resources. Reach out to current employers and family members.

4) Location Scout

Geography can play a significant role in determining total education costs. A single school may have different tuition rates for in-state, out-of-state and international students. Generally speaking, staying in-state is usually the most affordable option.

5) Double Down

Some schools offer accelerated programs that enable students to complete a four-year degree in just three years. However, the intensive schedule might make it difficult to accommodate a job while a student is in school.