When you decide it is time to make the move and pursue a higher education degree, finances are more than likely going to be a factor. Here are some tips to follow to attain the education you are dreaming of while avoiding too much debt.
1. International Students: Find a Program that Doesn’t Charge You Extra
Many universities charge international students additional fees to apply and enroll in programs. However, this is not the case at Florida National University (FNU).
FNU understands that international students face an abundance of fees to attend school in the United States causing unnecessary financial burden for these students. Financial burdens like this make it more difficult for international students to actualize their dream of studying in the US. FNU charges international students the same price that US residents pay for tuition. Therefore, students from outside of the US never have to wonder what additional fees will be tacked on.
2. Local Students: Stay Close to Home
Students who live in South Florida should consider remaining in this location throughout their educational career. Being able to stay with family or friends and commute to school decreases the overall cost of completing a degree. For example, some students prefer to live with their parents throughout college. This can help an individual save money while in school, as they will not be required to pay the price of rent and food that would otherwise be necessary.
3. Employer Assistance through Tuition Reimbursement
Some employers have implemented programs to help students to pay for school. Some employers reimburse students after each semester above a certain GPA.
4. Look for Scholarships
Some students are surprised to learn they are eligible for scholarships. Many students are rewarded based on financial need, athletic ability, or educational merit, but there are a number of additional scholarships that many students may not know about.
5. Earn Grants and Financial Aid
Financial aid in its most forgiving form is considered a grant. Grants do not require the recipient to pay back the money offered. Therefore, this is a cost-effective way for students to obtain their education without the fears and frustrations associated with accumulating an overbearing amount of loans.
Read more details about financial aid here.
6. Be Sure to Check for Tax Breaks
Although it can be easy to forget before the April 15th deadline, students—whether or not they are currently enrolled in school—who have paid tuition or that pay interest on their loans can receive a bit of a break during tax season.
Students will receive a tax form from their university, which will provide details regarding their contribution to tuition for the previous year. Separately, from their lender, they will receive information regarding the interest paid on their loans.
Students should keep track of this information and use it while filing loans, as this can influence their financial situation in a positive manner. It will either increase the refund if they are getting money back or decrease the amount students owe for taxes.
7. Take out Loans
While loans require students to back the amount borrowed, they play an important role in helping students financially while attending a program.
Students should always contact FNU’s financial aid office with any questions or concerns about the status of their aid or their ability to apply for assistance.
Now that you know more about all the financial options, it is time to make the investment in your future. If you are ready to get started toward your career, apply to FNU now!