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Posted by on Nov 13, 2017 in College 101, Featured, For Freshmen, Money For College | 0 comments

Saving Money on College Tuition

Saving Money on College Tuition

The cost of college can seem daunting, but there are so many ways to cut corners. We’ve broken down some options for saving money on college tuition below. Here are some ways to save:

Early College

High school students can take college classes for free in a dual enrollment program, which is a great option for high school students who can handle the rigor of college coursework. Some high schools offer a curriculum that enables their students to earn their associates degree for free during high school.

Affordable tuition at a community college

At a community college, students can take the same general education courses they would take as a freshman or sophomore at a four-year university – at up to half the cost. Students can get the core curriculum taken care of with big savings at a community college.

Complete a bachelor’s degree at a community college

After earning an associates degree, students can transfer to a four-year university or stay at one of many of Florida’s community colleges to complete their bachelor’s degree for a fraction of the cost.

Tax credits, deductions and benefits

There are tax incentives that can help lower the cost of higher education. Tax credits and tax deductions can help you defray the costs. The American Opportunity Credit allows eligible students to claim up to $2500 for their first four years of college. The Lifetime Learning Credit allows students to claim up to $2000 for education-related expenses. Student loan interest is also deductible.

 

Apply for financial aid

It’s always time to fill out a FAFSA! The Free Application of Federal Student Aid is the form that the federal government, along with colleges and other organizations, uses to award financial aid. It takes less than an hour to complete, and you may be surprised by what your child is eligible for. Need help in filling out the forms and figuring out what to do next? Financial Assistance Services at your local college will be happy to help you.

All the little things add up! Don’t mortgage your future – or your child’s. Find out more information for parents. Follow us on Twitter @ #spcfas

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