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If you’ve read this book “Rich Dad, Poor Dad” by Robert Kiyosaki, you’ll realize that getting a college education, getting a 9-5 job, and then climbing the corporate ladder is not the most efficient way to become rich.
However, this does not mean that college education is getting cheaper, just because the rat race is no longer in vogue among the younger generation. In fact, it costs a lot of money which requires financial planning right from the birth of the child.
Between the cost of tuition, books, room and board, and school service fees, the total bill can add up fast. However, there are ways to get low or free tuition for your college education.
Aim for Scholarship
This is obvious but you would be surprised that many students do not apply for the scholarship. There are many scholarships available and while good grades are essential, you do not need to be valedictorian of your class. Check with your high school counselor or college academic advisor for application criteria.
get free tuition
Some states offer free tuition to bright students from low-income families so they can attend college. In New Jersey, if you are in the top twenty percent of your high school class, you may be eligible for free tuition at your community college. Just do some research online and see what’s available.
As of 2008, Stanford University will no longer charge tuition for students whose parents earn less than $100,000 a year. In addition, all room and board fees will be waived for students whose families earn less than $60,000 annually. The program also eliminates the need for student loans.
In 2008, MIT also announced plans to provide free tuition for those whose families earn less than $75,000 per year.
Other ways to get free tuition include:
1. Employee Benefits
Human resources are one of the most important assets in a company, therefore, many employers are focusing on retraining and upgrading the skills of their employees to become more productive and gain a competitive edge.
If you want to further your education, there is usually partial to full reimbursement, especially for tuition classes related to your job description.
To qualify, you will need to obtain a passing grade, usually no less than a “C”. Check with your employer for the terms regarding any tuition reimbursement policy.
There are usually perks such as reduced or free tuition for school employees (in colleges and universities). In some cases this extends to immediate family members. This can be another incentive to work as a college volunteer assistant for the good of your children.
2. GI Giants
If you are a United States military veteran, you may be eligible for free tuition that includes college courses, on-the-job training, certification tests, and more.
3. Test out of A class
This means you take the test outside of class which is usually cheaper (about one-third) than paying for a full class. However, you should have in-depth knowledge of the subject and it is at the discretion of the college. You have to convince them with your resume and reasons.
Getting free tuition is not an impossible task. There are options available, but it’s a matter of being creative, proactive and persistent. To save the exorbitant cost of between $25,000 and $80,000, I think it’s well worth the effort.
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