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Is transferring schools to save money recommended?

#financial-planning #money #savings #financial-aid

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Daniel’s Answer

Great Question Peyton!

I think it is a great idea to transfer schools to save money. I am a big proponent of going to a community college to obtain your basics and then transferring to a larger university in state. You can save a lot of money by going this route. To be honest, basics are basics and you can save a good amount of money by living at home and going to a community college in state.

Also, many states have rules set in place that allow classes from one college to be transferred to another college as long as you stay in state. For example, Texas allowed all my community college classes to be transferred to my university as long as I stayed in state. The beauty about this is its really not up to a college/university it depends on the state education laws. I would encourage you to check your state laws to see if this would be an option for you.

Lastly, after your first job many jobs do not care where you attend school or graduated from. Your second, third, forth job etc. care about what you accomplished at your last job. Unless you are attending an ivy league school or going into a very specific field most jobs do not really care about where you went to school. Your work history/performance is much more important.

I hope this helps and good luck on the journey!
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Bryon’s Answer

Starting your education in a lower priced school such as a community college can be a great way to get some of your core classes knocked out at a much cheaper price.  If budget is a concern, make sure to verify that the school you will want to be transferring out to will accept the credits from the school you chose to attend.

Thank you comment icon This is really great advice. Some community colleges may also offer evening classes which you may find beneficial. Jennifer Warren
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Victoria’s Answer

If finances are an issue, it is best to look at all of your options. Community college for the first two years to get the basics out of the way is more affordable then going in to a four year university. You can transfer in to a four year university for you last two years. You save money and still graduate from the school of your choosing paying half the money.
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Simeon’s Answer

Yes, it depends on how much money you'd be saving by transferring, but, for most degrees, it doesn't usually matter which college you go to. It's more important that you can actually afford it without taking on a lot of debt.
Thank you comment icon Again great advice and I couldn't agree more - be very cautious about taking on debt. As you investigate which credits transfer consider online courses and compressed summer courses. Jennifer Warren
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