9 answers
Melonie
Student
Ellaville, GA
1
Question
Asked
771 views
why is college so expensive? Will it still be expensive by the time I graduate in 2030?
what is grant or something that can help with college or something that can help you not pay so much money into college like a scholarship?
Login to comment
9 answers
Doc Frick
Career Coach and Mentor
1616
Answers
California, CA
Updated
Doc’s Answer
Melonie the cost of college may leave you wondering whether a college degree is a good investment for your future. While the average cost of college has steadily risen, studies show that a college degree continues to be worth the cost. While there are important benefits for any type of postsecondary education, people with a college degree have increased employment opportunities and are more likely to have a higher paying job. College is a worthwhile investment that pays off over time for most students.
GRANTS
Eligibility for a grant is based on your financial need. Grants are usually awarded by the federal and state governments and by colleges and universities. The Federal Pell Grant is the largest single grant program. Almost half of all grants come from the colleges and universities, more than a quarter are Federal Pell Grants, and the rest are evenly split between military student aid and state grant programs.
SCHOLARSHIPS
Eligibility for a scholarship is based on merit. Examples of merit scholarships include those that are awarded based on academic, artistic or athletic talent. Scholarships are usually awarded by private scholarship providers, such as foundations, philanthropists, unions, employers, professional membership organizations, fraternal groups, non-profit organizations and religious institutions. A few hundred colleges award full-tuition academic scholarships based on the student’s high school grade point average (GPA), admissions test scores and class rank. Some scholarships have characteristics similar to grants. For example, many grants require the student to maintain at least a minimum GPA to renew the need-based grant.
Grants and scholarships can supplement college savings and help reduce the student’s debt and work burden. Every dollar you win is about a dollar less you’ll have to borrow Melonie.
Hope this helps your plans for college Melonie
GRANTS
Eligibility for a grant is based on your financial need. Grants are usually awarded by the federal and state governments and by colleges and universities. The Federal Pell Grant is the largest single grant program. Almost half of all grants come from the colleges and universities, more than a quarter are Federal Pell Grants, and the rest are evenly split between military student aid and state grant programs.
SCHOLARSHIPS
Eligibility for a scholarship is based on merit. Examples of merit scholarships include those that are awarded based on academic, artistic or athletic talent. Scholarships are usually awarded by private scholarship providers, such as foundations, philanthropists, unions, employers, professional membership organizations, fraternal groups, non-profit organizations and religious institutions. A few hundred colleges award full-tuition academic scholarships based on the student’s high school grade point average (GPA), admissions test scores and class rank. Some scholarships have characteristics similar to grants. For example, many grants require the student to maintain at least a minimum GPA to renew the need-based grant.
Grants and scholarships can supplement college savings and help reduce the student’s debt and work burden. Every dollar you win is about a dollar less you’ll have to borrow Melonie.
Hope this helps your plans for college Melonie
Ashley Berry
Private Student Loan Origination Specialist 3
2
Answers
Cincinnati, Ohio
Updated
Ashley’s Answer
Hello Melonie,
When it comes to securing non-loan funding for your college education, it's essential to leverage what sets you apart as an individual. This could be anything from being a woman in the STEM field to being a black man in the fashion industry. Take some time to identify these unique aspects of your identity and jot them down.
Once you have this list, your next step is to research scholarships and grants specifically designed for these groups. You can do this by visiting your local library or conducting an online search. Remember to include the keywords that define you, such as 'woman in STEM' or 'black man in fashion industry', to find the most relevant results.
Additionally, I noticed that you're interested in art, computers, music, and journalism. There are numerous scholarships and grants available in these areas as well. So, be sure to include these fields in your search criteria. This approach will help you find the most suitable funding opportunities for your education.
When it comes to securing non-loan funding for your college education, it's essential to leverage what sets you apart as an individual. This could be anything from being a woman in the STEM field to being a black man in the fashion industry. Take some time to identify these unique aspects of your identity and jot them down.
Once you have this list, your next step is to research scholarships and grants specifically designed for these groups. You can do this by visiting your local library or conducting an online search. Remember to include the keywords that define you, such as 'woman in STEM' or 'black man in fashion industry', to find the most relevant results.
Additionally, I noticed that you're interested in art, computers, music, and journalism. There are numerous scholarships and grants available in these areas as well. So, be sure to include these fields in your search criteria. This approach will help you find the most suitable funding opportunities for your education.
Joseph Ford
175
Answers
Philadelphia, Pennsylvania
Updated
Joseph’s Answer
Yes and yes to your questions. Today's economic picture and the Feds fight to hold off inflation has cause college to become even more expensive. It will take a while for the economy to resolve itself. Best options are to make sure you take full advantage of the scholarships available. Hopefully your family has a 529 plan.
Other options are attending a local state jr 2 college then transferring to a 4 year school.
Other options are attending a local state jr 2 college then transferring to a 4 year school.
Noopur Dubey
PhD research fellow
32
Answers
Graz, Styria, Austria
Updated
Noopur’s Answer
There are many scholarships available to attend college. The expenses also depend on college and course you opt for. In some countries tution fees is very less and the quality of education is also good you may also consider that. Stay open and look for good opportunities.
Alireza Poostindooz
financial consultant
41
Answers
Isfahan, Isfahan Province, Iran
Updated
Alireza’s Answer
Oh, 🎓 college expenses can be a real 😬 issue! There are several reasons why college is expensive. Tuition costs have been rising due to various factors, including inflation, increased demand for higher education, and often substantial investments in facilities, technology, and faculty salaries.
As for the future, it's challenging to predict with certainty, but college expenses have generally been on the rise over the years. However, there are ongoing discussions and efforts to address the issue of college affordability, so there may be changes and reforms in the coming years that could impact the cost of education by 2030. It's essential to stay informed and keep an eye on any relevant policy changes.
Now, about financial assistance! There are different options available to help reduce the financial burden of college. One option is grants, which are typically need-based and do not require repayment. Grants can come from various sources such as the federal government, state governments, colleges, and private organizations.
Scholarships are another fantastic option. 🏅 They can be merit-based, need-based, or awarded for specific talents or achievements. Scholarships can be offered by colleges, universities, corporations, nonprofit organizations, and community groups. They can significantly help in reducing the amount you need to pay for your education. Make sure to research and apply for scholarships that align with your qualifications and interests.
Additionally, financial aid programs, such as work-study programs and student loans, can also provide assistance, but they may require some form of repayment or work commitment.
Remember, it's always a good idea to explore and reach out to your college's financial aid office or trusted sources for the most up-to-date information and guidance on available resources to help make college more affordable. 😊
As for the future, it's challenging to predict with certainty, but college expenses have generally been on the rise over the years. However, there are ongoing discussions and efforts to address the issue of college affordability, so there may be changes and reforms in the coming years that could impact the cost of education by 2030. It's essential to stay informed and keep an eye on any relevant policy changes.
Now, about financial assistance! There are different options available to help reduce the financial burden of college. One option is grants, which are typically need-based and do not require repayment. Grants can come from various sources such as the federal government, state governments, colleges, and private organizations.
Scholarships are another fantastic option. 🏅 They can be merit-based, need-based, or awarded for specific talents or achievements. Scholarships can be offered by colleges, universities, corporations, nonprofit organizations, and community groups. They can significantly help in reducing the amount you need to pay for your education. Make sure to research and apply for scholarships that align with your qualifications and interests.
Additionally, financial aid programs, such as work-study programs and student loans, can also provide assistance, but they may require some form of repayment or work commitment.
Remember, it's always a good idea to explore and reach out to your college's financial aid office or trusted sources for the most up-to-date information and guidance on available resources to help make college more affordable. 😊
Dan Donegan
Career advisor:Admissions Counselor
28
Answers
Mount Vernon, Ohio
Updated
Dan’s Answer
Hi Melonie- It is wonderful to see you planning ahead for financing college. In all likelihood college costs, generally speaking, will have increased by the time you finish high school. However, you will learn through your research many ways to finance your education. Make sure you work hard in high school and get involved various leadership activities/organizations which hopefully will pay off with great scholarships/awards . Spend time researching/visiting colleges to find the ones that are the best match for you. Never rule a college out based on the costs listed on their website. Sometimes the most expensive “on paper” can end up being the most affordable in light of the scholarships, grants and financial aid a particular school may offer you. All the best to you, in finding that “ dream school” that will be affordable and a great fit for you.
Sameer Dawood
Accountant; Tax Associate
3
Answers
Poughkeepsie, New York
Updated
Sameer’s Answer
Like everything in like some things are expensive and some are affordable. If you plan to attend private college than I agree it's expensive. If you plan to attend community College and than transfer to State school I call it affordable.
College/Trade school or any other training will be the best investment for your future .
I was able to work and pay for my first two years easily. Last two years I needed help and borrowed twenty percent to complete the degree.
Let's go in detail to see if its still possible, not for OP but for our audience too.
I am from NY so I am going to discuss NY schools and their fees. Also I am discussing fees without any financial aid or assistance for low income households.
Orange County Community College located in Middletown is 3000k for semester. Add another 500 for books, supplies and you end up with 7000 for year for 12 plus credits. If you still live at home it comes out to 600 per month to attend two semester and complete 24 credits or more per year. Working weekly and making 15 to 20 dollars per hour you need 20 hours a week to clear 150 to 180 dollars after taxes and expenses to commute to your job. If you make 15 dollars just work two more hours. With experience you will be 20 dollars in no time.
Hear me out, 12 credits hrs. school, 22 hrs for work, another 18 hrs to study for 12 credits come about 42 to 45 hrs a week. Daily 6.5 to 7 hrs. Doable, since as an adult you are expected to work 8 hrs 5 days a week and weekends take care of family, home etc.
This takes care of tuition for first two years. If you are interested I can also break down for next two years SUNY New Paltz. With the power of budgetting and planning even people who dont live at home can afford school. Please don't think that I am saying it will be easy. But it's doable, a little hard work for these four years will set you up for life.
Trade schools are another option but you still have fees and will need employment to pay for them. Marines, Army is also another route as GI bill with pat for education. You can also apply for scholarships, work as a tutor, lifeguard etc. You can also work less hours during semester months and work more during summer months.
If everything else fails there are student loans but you might end up paying it back a long time. College is expensive but with a little planning and hardwork can be afforded.
Please look at these four or five years of your life as investment in yourself for rest of life. Work harder, be ethical, and pass this knowledge to future generations. Good luck, I know you guys have a bright future, because you are already asking all the right questions. There are options available and don't let the superficial cost discourage you.
College/Trade school or any other training will be the best investment for your future .
I was able to work and pay for my first two years easily. Last two years I needed help and borrowed twenty percent to complete the degree.
Let's go in detail to see if its still possible, not for OP but for our audience too.
I am from NY so I am going to discuss NY schools and their fees. Also I am discussing fees without any financial aid or assistance for low income households.
Orange County Community College located in Middletown is 3000k for semester. Add another 500 for books, supplies and you end up with 7000 for year for 12 plus credits. If you still live at home it comes out to 600 per month to attend two semester and complete 24 credits or more per year. Working weekly and making 15 to 20 dollars per hour you need 20 hours a week to clear 150 to 180 dollars after taxes and expenses to commute to your job. If you make 15 dollars just work two more hours. With experience you will be 20 dollars in no time.
Hear me out, 12 credits hrs. school, 22 hrs for work, another 18 hrs to study for 12 credits come about 42 to 45 hrs a week. Daily 6.5 to 7 hrs. Doable, since as an adult you are expected to work 8 hrs 5 days a week and weekends take care of family, home etc.
This takes care of tuition for first two years. If you are interested I can also break down for next two years SUNY New Paltz. With the power of budgetting and planning even people who dont live at home can afford school. Please don't think that I am saying it will be easy. But it's doable, a little hard work for these four years will set you up for life.
Trade schools are another option but you still have fees and will need employment to pay for them. Marines, Army is also another route as GI bill with pat for education. You can also apply for scholarships, work as a tutor, lifeguard etc. You can also work less hours during semester months and work more during summer months.
If everything else fails there are student loans but you might end up paying it back a long time. College is expensive but with a little planning and hardwork can be afforded.
Please look at these four or five years of your life as investment in yourself for rest of life. Work harder, be ethical, and pass this knowledge to future generations. Good luck, I know you guys have a bright future, because you are already asking all the right questions. There are options available and don't let the superficial cost discourage you.
Rian Alam
Student
139
Answers
Seattle, Washington
Updated
Rian’s Answer
Hi Melonie,
One thing I would consider if you are worried about the cost of college would be to fill out the FAFSA form for students. This will give you a breakdown of whether or not you qualify for financial aid and can give you a better idea of what your budgets are.
One thing I would consider if you are worried about the cost of college would be to fill out the FAFSA form for students. This will give you a breakdown of whether or not you qualify for financial aid and can give you a better idea of what your budgets are.
Angela Clark-Green
Underwriter
9
Answers
Detroit, Michigan
Updated
Angela’s Answer
Hello Melonie,
Given the current economic climate, it's quite likely that costs will continue to rise, mirroring societal values and the cost of living. This is particularly true in the education sector, where increased salaries for professors, for instance, result in a hike in the cost per credit for courses. However, don't let this discourage you. There are several strategies you can adopt to manage these costs effectively.
One such strategy is to consider double enrollment while you're still in high school. This typically involves attending your local Community College to complete general study courses concurrently with your high school studies. By doing so, you'll already have a two-year degree by the time you enter college. This is a smart and efficient approach, as it reduces the time you'll spend in college to just 2 to 4 years if you're aiming for a Master's degree. It's a speedy route that will undoubtedly save you money in the long run.
In addition to this, I strongly recommend exploring scholarships and grants. While these are often income-based and tied to your parents' earnings through FASFA, they can significantly reduce your financial burden.
Another practical step is to start saving early or encourage your parents to establish a 529 plan for you. Consider pooling all your birthday money each year into this plan, along with any other savings that your parents or other loved ones can contribute. Remember, every little bit counts, and these savings will accumulate over time, providing a substantial financial cushion for your college education.
Remember, every challenge presents an opportunity. With careful planning and strategic decision-making, you can overcome the financial hurdles and achieve your educational goals.
Given the current economic climate, it's quite likely that costs will continue to rise, mirroring societal values and the cost of living. This is particularly true in the education sector, where increased salaries for professors, for instance, result in a hike in the cost per credit for courses. However, don't let this discourage you. There are several strategies you can adopt to manage these costs effectively.
One such strategy is to consider double enrollment while you're still in high school. This typically involves attending your local Community College to complete general study courses concurrently with your high school studies. By doing so, you'll already have a two-year degree by the time you enter college. This is a smart and efficient approach, as it reduces the time you'll spend in college to just 2 to 4 years if you're aiming for a Master's degree. It's a speedy route that will undoubtedly save you money in the long run.
In addition to this, I strongly recommend exploring scholarships and grants. While these are often income-based and tied to your parents' earnings through FASFA, they can significantly reduce your financial burden.
Another practical step is to start saving early or encourage your parents to establish a 529 plan for you. Consider pooling all your birthday money each year into this plan, along with any other savings that your parents or other loved ones can contribute. Remember, every little bit counts, and these savings will accumulate over time, providing a substantial financial cushion for your college education.
Remember, every challenge presents an opportunity. With careful planning and strategic decision-making, you can overcome the financial hurdles and achieve your educational goals.