Thursday, August 6, 2009

Paying for College

Going back to school can be a big financial risk. Should you quit your job to take full-time classes, or should you keep your job and take online college classes at night? Should you take out a ton of loans and hope you'll be able to make payments after you graduate?

While no one can tell you how best to financially plan for your education, there are ways to make it cheaper that you may not have considered. In addition to traditional loans and scholarships, you can pay for college (or at least cut costs) in many ways.

For example, an accelerated degree program (getting a four-year degree in three years) might be tougher in terms of course load, but can save students a ton of money in the long run. Some students have also found sponsors or taken advantage of loan forgiveness programs after graduation.

Check out more non-traditional ways to pay for college.

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