After being accepted, the next question on a high school senior’s mind is “How am I going to pay for this?” It is no secret that the cost of college has risen in the past few years. The average price of a college education is now $31,231. Not only is the cost going up, but the average student loan debt is now about $30,000 per student, which is a lot of money before you get your first full-time job. An article from ClarkHoward.com explains six ways you can reduce your college costs.
Pick Your School Carefully
Choosing the right school is a big factor in managing your college costs. For example, if you think you want to attend a trade school, it doesn’t make sense to attend a four-year college. By attending a trade school or community college, you pay less and learn the workable skills you need to be successful.
If you want to go the university route, choose a school known for producing successful graduates in the field of your interest. A public university may be better known for graduating excellent business majors than a private institution that can cost two or three times as much.
Figure out the ROI
Even at 17 or 18 years old, you have to do some research on the field of study that interests you. Discover Bank offers an interactive Comparison of College Degree tool.