By Alma Zhumagulova
A study done by College Board in 2007, Education Pays, found out that “people with a bachelor's degree earn over 60% more than those with only a high school diploma.” And later on this difference gets even wider – the “earning potential between a high school diploma and a B.A. [exceeds] $800,000”. Therefore, even though these times might not seem as the most conducive for going to college, students should still consider the long-term advantages that it will provide. There are plenty of ways to get the education you want at a much lower price than you expect.
According to bankrate.com, even average students should never give up on scholarships, and search for scholarship sources on sites such as FastWeb, College Board, Wiredscholar.com and ScholarshipCoach.com. If you did well in high school then most likely you will have more options to consider and more chances to get scholarships. As I read on the usnews.com, “some of the most expensive schools by sticker price also give out huge scholarships and can actually be cheaper, in the long run, than public schools for many students.” So study hard in high school!
In addition, there are many colleges that offer accelerated degree programs, so that you can have your bachelor degree in 3 years, or receive your master’s degree along with your bachelors at no additional cost. You should also consider transferring from a cheaper college or a community college to your dream college in your junior year, which will definitely save you a lot. There are even some tuition-free colleges where you need to work in your major-related area 10-15 hours per week to compensate. By going into the public service sector after you graduate or by volunteering you can cancel a significant amount of your federal education loans.
Overall, whatever the times are, education is a huge investment that will well pay off in the long run, keeping in mind you make wise decisions!
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