Whether you are a college student or a parent, chances are you have lost sleep over the cost of higher education. With college costing the average student more than $30,000 per year, students are actively seeking any monetary help possible to ensure they are not haunted by a mountain of debt after graduation. And with the expensive holiday season upon us, families generally find household budgets tighter than ever. With that in mind, we put together a list of life hacks that will help families earn a little extra money toward the Spring semester.
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ScholarshipOwl, the only scholarship platform that applies students to hundreds of scholarships with ONE application form, just launched their first scholarship sweepstakes, which will award one lucky student $1,000 to be used towards their future education. For a company that only launched a few months ago, they are already putting their money where their mouth is, and giving back to the higher education community.
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The idea of paying for college can be overwhelming, especially when you are an unemployed recent graduate. After dealing with mountains of student debt, most people will do their best to make sure their offspring never have to deal with that burden. This is where Gradvisor comes in. Gradvisor works with companies to help their employees save money for their children’s college savings. It sets up a direct deposit so employees can start saving immediately.
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Many changes are in the works to refine this 100 page document that is so grueling and time consuming that most families are deterred from filling it out. Senator Michael Bennet (D-CO) and Senator Lamar Alexander (R-TN) have been fighting to cut the FAFSA down to one page consisting of only two questions, and once these changes take effect, this process of getting financial aid for college should be relatively painless.
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The FWS Program provides part time employment to undergraduate and graduate students with financial needs, and allows them to earn money to help pay for educational expenses. This program is in place at approximately 3,400 participating postsecondary institutions, and provides at least minimum wage to employees.
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Sponsorship programs are most popular in Europe, but are starting to catch on in the United States. A private investor sponsors a student, and puts them through school. Then when the student graduates, they are typically entitled to a certain percentage of their income for a fixed number of years. So if you are destined for great things, but lack monetary resources, this could be a road to explore.
- Have you encountered a personal finance situation that you think others could learn from? Share your story with CashCourse.org and you could win a scholarship of up to $1,500! Submit an essay that describes the situation, problem, or decision as well as how you worked through the process and what lesson(s) you learned.
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