This post is all about finding ways to pay for college without student loans!
Let’s face it, college is expensive.
No wonder plenty of high school students these days are reluctant to attend higher education.
The reality of pursuing a college degree
Sure, there are plenty of perks to pursuing a college degree. You have credentials to show, you can attain plenty of experience, and you can genuinely learn a lot while in college.
However, what pushes the youth away from that goal is the large tuition fee that’s waiting for them.
The most obvious choice for people, if they want a college degree, is to get student loans. But loans can do more harm than good.
As of 2021, the US has more than $1.71 trillion worth of student loan debt, and 45 million Americans owe their loaners. That means that millions of graduates have debt that will take them 10-30 years to pay off.
Instead of having enough money for a home, savings, and children, all of it is going into paying for their dues.
That’s why a lot of people are opting out of going to college or trying their very best to go to college without student loans.
Especially considering, the financial burden from student loans is not worth it for many students.
People would rather choose to get a job immediately or do freelance. People even argue the necessity of getting a degree in the first place.
The situation might seem bleak, but there is no reason to panic. You can still earn a degree without going into debt. There are different options that you can do to pay for college and be debt-free.
Here are some alternatives if you want to go to college.
8 Ways To Pay For College Without Student Loans
- Parental support
- Apply for a scholarship
- Save your money and pay with cash
- Go to community college first
- Consider getting your degree online
- Be a working student
- Get a job first before going to college
- Employer’s tuition reimbursement program
1. Parental support
There is nothing wrong with asking for help from your parents, especially if you are from a well-to-do family. If your parents are more than willing to pay for college tuition, grab that opportunity.
Just be aware that not every parent are alike and are willing to pay for their kid’s college fees. Obligation for parents to pay for children’s needs end when a child turns 18.
So don’t feel crushed when your parents say no. Financing a college education is no joke, and the burden can be pretty heavy.
2. Apply for a scholarship
If your parents can’t support your college education, you can try to apply for a scholarship to help you pay for college. Colleges and universities offer scholarships for students who excel in different skills.
You can apply for different kinds of scholarships, such as academic, athletic, or artistic. While you are still in high school, make sure to do good in your studies.
Your performance during your prior years will greatly affect the chances of you getting a grant.
3. Save your money and pay with cash
You can go to college without student loans by paying your tuition and fees in cash.
So if you can, by all means, avoid going into debt by paying your college tuition upfront with cash.
You can save money while you are still in high school or even middle school.
Start doing part-time jobs during the summer or after school. You can do odd jobs for people or start a small business. You can also do freelancing jobs online to pay for college.
Freelance writing, doing surveys, and testing products are a few jobs students can do. While it may feel like you’re not earning a lot, your savings can accumulate over time and can be used to pay for your tuition.
It’s a great way to pay for college without a student loan.
4. Go to community college first without student loans
Scattered around the States are community colleges. Community colleges are institutions that offer two years of education. Applying for community college is cheaper than spending four years in a university.
The cost of community college is more affordable. Thus, under normal circumstances, you can pay for college without student loans.
You earn the credits that are necessary for university without spending thousands. So if you want to go to university with a major discount, go to a community college first.
5. Consider getting your degree online without student loans
Because the Internet is now accessible to many people, getting a degree is now as easy as two clicks. Certain universities and colleges are now offering online classes for students with a computer.
Online college courses are generally cheaper than traditional classes. Not only is tuition generally lower, but you also don’t have to worry about extra expenses such as transportation and course materials.
Online classes are a great option for people who are on a budget.
Plus, they are also an option for people who are incapable of leaving their homes, such as single parents or people with disabilities.
6. Be a working student to help pay for college
Sometimes, your savings might not be enough. There can be extra charges while studying, like textbooks or mandatory seminars.
If you want to pay for college while still having some leftover cash in your wallet, you can get a part-time job.
Being a working student is another option that you can do to pay for your education.
A lot of places such as fast-food restaurants, cafés, and groceries offer jobs for students.
They often have flexible hours, so you can easily fit those jobs into your schedule.
You can also get online jobs to support yourself. Freelancing is very popular because it allows people to be their own boss and have their own schedule.
7. Get a job first before going to college
It might feel counterintuitive, but getting a full-time job before pursuing higher education might be more beneficial than going in without a single dollar.
There are no time limits on when you can start going to college. If you know for sure that money is not available for you, get a job and start earning.
You will be financially stable the minute you enter university. Overall, it’s one of the best ways to pay for college without student loans.
8. Use your employer’s tuition reimbursement to pay for college if you’re eligible
You see, there are big perks to getting a job first before going to college.
Not only do you start earning money that could help you pay for college, but depending on the company you may not even have to pay for college.
Tuition reimbursement programs enable a company to cover some or all of the costs of an employee’s education, as long as the program of study and related expenses fall within the guidelines of that company’s specific policy.
Finishing your education and getting a college degree is a dream for a lot of people.
However, they are often discouraged by the crushing debt of student loans. That’s why a lot of people just choose to get a job and never look back.
But that shouldn’t discourage you or anyone from pursuing your degree. A college degree is very beneficial to a person’s career.
However, a student loan isn’t the only answer to get into college. You can pay for college without student loans, but they won’t be easy.
However, if you really need a college degree to prosper in your career then there are many ways for a person to graduate from university without getting into debt.
Saving your money, applying for scholarships, or getting a part-time job are some ways you can help yourself financially.
Budgeting your money and saving for your studies can help you reach your dream degree.
There are a bunch of ways to be a college graduate while also being debt-free. Don’t let student loans and college horror stories get into your way of success.