Are your college dollars being well spent in the bad economy?

USA Today recently posted a blog on their Education: College Blog discussing whether or not receiving a college degree really provides a boost in today’s uncertain economic times. The blogger wrote that despite the fears associated with paying college tuition when money is tight, a college degree proves to be invaluable to your future success. You can read the article here: http://www.usatodayeducate.com/staging/index.php/ccp/college-is-a-boost-in-an-uncertain-economy.

 

Now here are our thoughts on this matter….we agree 100 percent that a college degree adds immense value to your career and makes you much more marketable. Those with college degrees typically find it much easier to obtain and keep their employment even in these poor economic times, and their salaries are likely to be higher. Now, this is most true if you receive a college degree in a field that is practical and career-oriented. This is not the time to major in General Education!

 

You might be saying to yourself, “Of course I want to go to college but who can afford the tuition right now when I’m barely scraping by as it is?” While yes, college is expensive, there are many ways to cut your costs and make going to college feasible despite your financial status.  We will go over a few ways to do this:

 

1. Apply for Scholarships. Scholarships are the best way to pay for college while keeping yourself from accumulating large amounts of debt in the process. It is best to start thinking about and applying for scholarships while still in high school (and before your senior year), but it’s never too late. Scholarships are a wonderful option because you don’t have to pay them back!

 

2. Financial Aid. If you are unable to win enough scholarships to cover your college costs you can apply for financial aid. This will allow you enough money to pay for your tuition, books, room and board, etc. but the downside is you do have to pay this money back after you graduate.

 

For tips on applying for and winning scholarships be sure to check in with our blog weekly. We also post helpful tips on our Facebook and Twitter pages.

 

 

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