Part II: Cutting the cost of a college degree
Reduce the cost of your first two years of college by half. Take a closer look at the community colleges in your area. Many have what is called an “articulation agreement” with certain universities or 4-year colleges. In other words, the four-year college or university has agreed to allow the transfer of all credit hours from the community college towards a bachelor’s degree once the student transfers. In most cases, the student must keep their GPA above a certain level during the two years at the community college in order to qualify for the credit transfer. Some universities offer “merit scholarships” of $1000 to $2000 to students who carried a GPA of 3.3 and above.
The average yearly tuition at a community college is approximately $2,360 compared to $6,185 at a four-year college or university. Over the 2-year period, this will give you a savings of $7,650 in just tuition alone, not to mention, the additional savings from living at home as opposed to paying room and board at the university.
Summer classes. The more credits you can get through a community college the lower your costs will be for a bachelor’s degree. Even after you have transferred to the university or four-year college, you can take classes at your local community college. The average cost for each credit at the community colleges is less than $150 compared to $400 at a university or four-year college. Check to be sure the credits will be transferable before signing up for a class during the summer.
Start taking college class during high school. Some community colleges offer duel-enrollment to qualified juniors and seniors. The student earns their high school and college credits simultaneously. These programs are offered free of charge and the textbooks are loaned to the students by the college. This is the same as getting a 2-year scholarship and the savings is tremendous! Again, make sure most if not all the credits are transferable.
Watch for part III coming soon.
Denise Wing, C.E.O.
Certified Mortgage Lender
Academy National Mortgage Corporation
The average yearly tuition at a community college is approximately $2,360 compared to $6,185 at a four-year college or university. Over the 2-year period, this will give you a savings of $7,650 in just tuition alone, not to mention, the additional savings from living at home as opposed to paying room and board at the university.
Summer classes. The more credits you can get through a community college the lower your costs will be for a bachelor’s degree. Even after you have transferred to the university or four-year college, you can take classes at your local community college. The average cost for each credit at the community colleges is less than $150 compared to $400 at a university or four-year college. Check to be sure the credits will be transferable before signing up for a class during the summer.
Start taking college class during high school. Some community colleges offer duel-enrollment to qualified juniors and seniors. The student earns their high school and college credits simultaneously. These programs are offered free of charge and the textbooks are loaned to the students by the college. This is the same as getting a 2-year scholarship and the savings is tremendous! Again, make sure most if not all the credits are transferable.
Watch for part III coming soon.
Denise Wing, C.E.O.
Certified Mortgage Lender
Academy National Mortgage Corporation
posted by Academy National Mortgage at 8:55 AM
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