Graduating in four years is hard enough at many schools, but there are plenty of ways to shave time – and money – off of your education.
How to Save (on) Your Education
Education is one of the few examples of when we spend money based almost entirely on the expectation of what it will one day get you. It’s really impossible to “try before you buy” in education, and while you know what you get when you buy a Louis Vuitton handbag or a Porsche 911 Turbo, you only know what your education got you when it’s too late. College tuition in the U.S. has increased by an average annual rate of 5.6% over the general rate of inflation during the past 10 years, and while financial aid has tried to keep pace, thrifty students are being forced to cut corners like everyone else. “It’s more important to graduate than to graduate from a particular school,” says Mark Kantrowitz, publisher of Fastweb.com and FinAid.org. “Sometimes students want to go to the ‘best’ schools and maybe those aren’t the ones with the best financial aid possibilities, so what we have is rising debt at graduation but incomes of college grads has not risen as fast as tuition.” No matter where a person goes to college though, there are almost always opportunities to shave time – and money – off of their education. MainStreet’s education experts share a few tactics to follow both before matriculation and once in school to ease the financial burden after graduation. Your education begins now. Photo Credit: L.E. MacDonald