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Friday, July 8, 2011

How to Pay For School Without Getting Into a Lot of Debt

Most people think they have no alternative but to go into serious debt in other to have a college education. Most start out their working life with student loan debt well into five figures and the increasing cost of college is not helping matters. But the fact is, there are actually several ways of getting a college education without going into debt. The following are ways to have a debt free college education.
Scholarships and grants
Scholarships are not just for students with exceptional performance in high school. Though doing well is the most common way of getting a scholarship, other scholarships are offered based on field of study, minority status or even disability. There are all kinds of scholarships being offered by academic institutions, corporate or charity organizations and religious bodies. Use the internet to find scholarships. You don't have to pay anyone to help you get a scholarship. There are several organizations with free money waiting for you to cover your college fees. A grant is the usually the name given to scholarships that are from the government.
The military can pay for your college degree if you are interested in working for them. If you use this method, you have to spend a few years of your life working for the military and serving the country in return after getting your degree. The disadvantage of this option is that it will hinder your career plans. But it is a good deal for people that admire the military.
If the other options don't work for you then you have to work for your college degree. There are different ways to work and school and still come out with good grades. Get the best job possible. Don't just settle for the first one you find. You might consider developing a special skill that can increase your employment opportunities. I know a college student who taught himself animation and makes money doing freelance work for animation studios. You can work nights, weekends and summers. You also have the choice of taking up full time employment and go to school part-time.
Shorten your stay in college
You can reduce the numbers of years of college education thereby spending less money.
Take college level exams. College-Level Examination Program (CLEP) exams are an easy way to reduce your college work load. Another way is to take up more workload in college. By taking one or two extra classes each semester, you can actually finish college in three years.
For more ways to live debt free check out the link below
Debt Information Center the internet's No.1 center for free information on debt management and consolidation.

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