There are several ways to reduce the amount that going to a college or career school will cost you so that you can avoid borrowing too much.
You or your parents might qualify for a Hope tax credit or Lifetime Learning tax credit. For more information on these credits, visit
You should also check with your tax professional or the Internal Revenue Service (IRS). IRS Publication 970, Tax Benefits for Higher Education, explains these credits and other tax benefits. You can order the publication free from the IRS at 1-800-tax-form (1-800-829-3676). Or you can download the publication from the website www.irs.ustreas.gov.
If you plan on working toward a bachelor's degree, you might want to consider starting out at a two-year community college and then transferring to a four-year school. Community colleges are partially funded by local and state taxes and are therefore usually less expensive than four-year schools. Some four-year schools are also partially funded by local and state taxes and can be less expensive than those that are not funded by taxes.
You can also save money by living at home and commuting to your local community college. You'll want to make sure that the courses you take during your first two years will transfer to the four-year school you want to attend and that they will count toward your bachelor's degree.
Whether you choose a college or a career school, you can work part time to pay for some of your costs. If you do this, you should make sure that you save enough time for studying and that your work and school schedules do not conflict.
AmeriCorps is a program that allows participants to earn education awards in return for national service. For more information, contact the Corporation for National Service:
Corporation for National Service
1201 New York Avenue, NW
Washington, DC 20525
The U.S. Armed Forces also offer the following educational programs and ways to pay for school or to reduce your school costs:
Contact your local military recruiter for more information on these programs.
Latest College & Financial Aid News
November 6, 2019
E-tail giant Amazon is now accepting applications to its Amazon Future Engineer Scholarship Program for students entering college in the fall of 2020. The scholarship program offers 100 current high school seniors from underserved and underrepresented communities across the country the opportunity to receive $40,000 scholarships to study computer science at a four-year college or university and a guaranteed paid internship offer at Amazon after the completion of their first year. [...]
October 31, 2019
In response to the NCAA's vote to allow athletes to profit from their names, images and likeness, Senator Richard Burr of North Carolina has proposed taxing those scholarships. Senator Burr tweeted: "If college athletes are going to make money off their likenesses while in school, their scholarships should be treated like income. I'll be introducing legislation that subjects scholarships given to athletes who choose to 'cash in' to income taxes." [...]
October 8, 2019
Gucci is releasing a new line of... diversity undergraduate scholarships for students who are "traditionally underrepresented in the fashion industry." The 1.5 million U.S. university college scholarship program is set to run for four years, targeting students who attend four-year universities. Special consideration will be given to those residing in Atlanta, Chicago, Detroit, Houston, Los Angeles, Miami, New Orleans, New York, Philadelphia, San Francisco, Toronto and Washington, D.C and/or for those who plan to attend or are currently attending a Historically Black College and University (HBCU). [...]