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How much money should I save for college, and when?
Since my family's been asking about college, I've been wondering on how much money I should put towards it. My mom thinks I should sign up for sports & reach for a scholarship, while i do think that's great, the sports programs at my school don't offer college scholarships.
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4 answers
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Marshall’s Answer
Asterio
Anything that you can put up will help, and any college is expensive. Many people are in debt a long time. Loans do need to be paid back and have interest that will also need to be paid.
Scholarships are a good thing, you don't have to specifically be in sports to get a scholarship, I would do a google search for scholarships in your town/ city. Many time they can be small such as $50 or $100, but those can add up. You can apply for as many as you want. Scholarships dont need to be paid back.
You can also work while in school, depending on your family's financial situation there is work study, where you get paid to do work on campus, or you can take a normal hourly job in the town or possibly a freelance remote job you can do from your dorm/ apartment. I worked full time while going to school full time.
If you have the ability to start a money market stock account, you can grow some of your savings while you are in school and use it to help pay off debt after.
There will be a lot of expenses as well when it comes to school, tuition is just the base cost. There will be housing, food, transportation, books (which are so expensive for what they are) and you will have times where you want to go out with friends. So any savings you have can be put toward any of this.
Anything that you can put up will help, and any college is expensive. Many people are in debt a long time. Loans do need to be paid back and have interest that will also need to be paid.
Scholarships are a good thing, you don't have to specifically be in sports to get a scholarship, I would do a google search for scholarships in your town/ city. Many time they can be small such as $50 or $100, but those can add up. You can apply for as many as you want. Scholarships dont need to be paid back.
You can also work while in school, depending on your family's financial situation there is work study, where you get paid to do work on campus, or you can take a normal hourly job in the town or possibly a freelance remote job you can do from your dorm/ apartment. I worked full time while going to school full time.
If you have the ability to start a money market stock account, you can grow some of your savings while you are in school and use it to help pay off debt after.
There will be a lot of expenses as well when it comes to school, tuition is just the base cost. There will be housing, food, transportation, books (which are so expensive for what they are) and you will have times where you want to go out with friends. So any savings you have can be put toward any of this.
Updated
Jackie’s Answer
College can be really expensive or cheap depending on where you go. Private schools can range from 40-60k annually but going to a community or state college can be much cheaper. It's been a while since I have been in college but if you start at community college and then transfer to a 4 year school, you can cut down costs. I don't know if you have a guidance counselor at school or if you have specific colleges in mind, you can always look at the school's website directly. I agree that applying for scholarships is a great way to get some money but know it can be hard depending on how much money you parents make.
Look at websites for the colleges you are interested in
If your school has one, speak with a guidance counselor about considering the community college to 4 year university track if money is an issue for your family
Jackie recommends the following next steps:
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Ajay’s Answer
Hi please check your school grades and your sports skills, make sure you get a partial or complete scholarship by submitting your credentials, kindly discuss with your parents teachers classmates and others thanks oneness healthiest times 🍊🙏😊😊
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Doctorate Student’s Answer
Embrace your passion wholeheartedly, and everything else will naturally follow. To maximize your resources, consider kick-starting your educational voyage with General Education courses at a Community College. These are frequently offered at no cost, providing you with an incredible chance to explore subjects that genuinely spark your interest. Keep in mind, college or career counselors are always ready to assist you. Their guidance could be the key to unlocking your potential. So, here's to your radiant future! May your thrilling adventure overflow with abundant success and happiness!