If you cannot secure any loans for your college tuition, it is not the end of the world. You can still pay for college without getting any loans; but, this takes a lot of serious thinking on your part.
With the rising rate of tuition, loans could help finance your education. However, there are plenty of reasons you may not want to take out a loan for college. But, it is not the end of your college hopes if you cannot get a loan.
There are still plenty of ways to finance your college tuition without getting loans. You will have to do a combination of methods if you want to get through college without loans of any sort.
Number One – College Scholarships
If you are coming from a lower class to upper middle class family, do not necessarily count on your family to pay for your tuition. Your best bet would be to look up any possible scholarships. If the arts are your strong point, perhaps try looking into those types of scholarships. If you have very good grades and test scores, you should look up academic scholarships. If you are a very good football player, look up football scholarships. If you are a very good athlete in general, there are athletic scholarships.
If you are a practitioner of Tae Kwon Do and go to a school that is associated with the World Taekwondo Federation (WTF), you should start at an early age to compete in the Junior Olympics. Then, continue to compete until you turn eighteen. From the age of eighteen, strive to place in the state championships and try to get into the US nationals. That increases your chances of getting an athletic scholarship in Tae Kwon Do. One example would be martial arts actor Will Yun Lee who went to college at UC Berkeley on an athletic scholarship for the school’s TKD team.
Number Two – Advanced Placement Exams and CLEP Testing
Advanced Placement (AP) exams are taken during high school. In order to take the AP exams, you need to be enrolled in AP classes. Examples of AP classes include AP German, AP English Literature, AP Calculus, AP Trigonometry, and many more. By taking those AP courses and doing well on those exams, you get college credits for those subjects. That speeds up the rate of getting those college credits. When you start college, your general education courses are out of the way. If you are going to your regular four-year university, then taking AP classes are a good idea. The quicker you get general education courses out of the way, the quicker you can go on in your major. That equals to less time in school, which saves money in the long run.
In college, CLEP tests act in a similar manner. By taking CLEP exams in several subjects and you perform well, you get credited for those courses. However, taking those tests do cost money. If you want to save money, you need to perform well the first time around.
With a combination of AP and CLEP exams, that should help you get through college without loans. If you pass those exams, you get those course credits; then, you do not need to take the actual courses which saves you money to use for other courses.
Number Three – Community Colleges
Community colleges are generally low cost and flexible for students. Due to the low cost factor, you should consider going to a community college first and then transferring to a four-year university. You can get your general education and elective courses out of the way without having to pay the money you would have to at a four-year college.
Number Four – Considering Your Choice Of Colleges
The cold reality is that you may not get into your college of choice. Your first choice of college might be rather expensive to get in. Private colleges that revolve around what you are majoring in usually have higher tuition. If your scholarships are not enough to pay the tuition, then you might want to change your choice of colleges. You will have to find a lower costing alternative to your initial choices of colleges.
Number Five – Educational Benefits Associated With Your Job
If you are working at the same time as going to school, you could find out if your employer has an educational program. If it does, then try taking advantage of such benefits.
Number Six – Military Service
By enlisting in the arms of the military, you could be eligible for college tuition benefits. One notable means of college tuition would be through the GI Bill. In short, take advantage of all the educational benefits that the military can provide for you.
Going to college is very possible without getting any loans. In fact, it is a good thing to go to college without loans. When you get a loan, you have to pay them back. If you can manage to get though college without a loan, you do not have student loans you have to pay back.