Five Strategies to Reduce the Cost of Your Online Education

 

College education in the U.S is without a doubt very expensive. One of the major reasons why most students drop out of college is because they simply cannot afford the cost. Online courses are proving to be a convenient mode of study and this is because they are somewhat cheaper than traditional courses. Students can manage their studies while still working full-time. However, these courses are not cheap, and while they may seem to be more affordable, there are instances that make these courses more expensive. Luckily, today we are giving you a few tips on how to reduce your online education costs.

1.     Compare Colleges

You will be surprised to learn that the cost of education varies starkly even with online courses. You can save a lot just by doing your research on the different tuition costs charged by various online institutions. The savings could be thousands of dollars, but of course you would first need to establish whether or not the institution is accredited. Most accredited institutions tend to be cheaper and these may be enticing and quite misleading as well. The idea here is to look at the accredited online institution that offers the course you need at a much lower rate.

2.     Apply for Scholarships

Scholarships tend to be very competitive but are obviously one of the best ways to reduce on your college costs. The internet is a good place to identify online colleges that offer scholarships. However, you will need to meet the requirements of the scholarships and while this is often a long shot due to the competition, it’s well worth a try.

3.     Pursue Three Year College Degrees

More and more colleges are introducing three year degree courses and these are proving to be a major saving option for many students. These accelerated degrees also give you a chance to join the job market faster and are therefore beneficial on many levels.  Imagine how much you can save if you shaved off an entire year from your college tuition and other college related expenses. That said, three year courses are more intensive and this is because you have more days of study in a year

4.     Graduate on Time

The greater percentage of college students do not graduate on time. Most of them will take an extra semester while others will take an even longer time to graduate. This is obviously going to cost you. When it comes to online courses, the situation is even worse since it’s very easy for students to procrastinate and lag behind on their studies. You can therefore save by avoiding paying for extra classes.

5.     Know Your Student Aid Options

A lot of people don’t know this but you can actually access student aid for online courses. There are various federal student aid options that you can pursue such as grants and federal work study programs. These are usually need based and could save you a lot of money. The good thing about grants is that you do need to repay them. Find out if your institution is eligible for the federal financial aid programs available.


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September 5, 2013 by

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