As we enter into the first weeks of May 2011, many students may already be thinking about either their return to school or beginning for the first time in the fall, but there are still issues that some may have to face when it comes to financing their college education as the cause of both public and private universities are on the rise and could lead to more financial strain if students rely on loans as a way to meet these college costs. However, some are stressing the advantages of alternatives that can be made available to major universities, as online university degree programs or community college classes can not only offer courses when it comes to helping a student meet their general education requirements, but some students are simply using these more affordable routes to a degree as a way to complete the entirety of their education.
Online degree courses are also available from major universities, which can be helpful if a student has obligations that will not allow them to attend on-campus classes, but many students are either turning to community colleges or online degree programs as a way to meet their educational needs. For students who may be attempting to get some of their general education requirements out of the way before entering into a major university, college classes from either smaller institutions or community colleges can be more affordable and help reduce the overall amount that a student must meet out-of-pocket, if scholarships and grants are not available in an amount that will help them meet all of their college costs.
Many traditional students often seek out the experience of a major university campus, but there are some drawbacks to attending a four-year university if a student simply cannot meet all of their tuition and fee costs without turning to student loans, but of course, for those who may be able to pay for these costs out-of-pocket or have the funding to attend a four-year college could simply meet their general education requirements in the traditional manner.
Yet, cost is what many counselors are focusing on and students, even those who may have had an idea of what their college career would look like, could have to alter these planes, particularly if they feel student loan debt is acceptable when it comes to meeting most of their expenses. There are some college students who are graduating school with an undergraduate degree and may have debts in excess of $100,000 or more, in extreme cases, but students who may graduate with tens of thousands of dollars in student loan debt are usually not in a much better position in terms of finding an occupation that will allow them to quickly erase what they owe.
While there are some students who opt for these college loans because they plan to enter a public service career that could offer them Federal student loan forgiveness options after 10 years of repayment, these are also factors that students must weigh into whether they should attend a community college first, seek an online degree rather than one from a traditional university, or simply avoid entering college at the present time until they can find the scholarship and grant funds they need or simply save money to help reduce overall costs.
You’ll find few people who argue that it’s a bad idea to get a college education, no matter what a student may want to do with their life, but when it comes to acquiring this education at the expense of one’s financial health, this is where the debate can get a little trickier and opinions start to diverge. Yet, the students who are simply pursuing a degree for the purposes of entering a career and are not necessarily committed to attending four years at a traditional college campus may be able to take community college classes or even online courses that will help them get some of these credit hours out of the way so that costs will be lower. However, before these alternatives are used, students must make sure that credits will transfer from these courses to the major university of their choice, as taking classes off of a traditional college campus and then transferring could lead to the loss of some credit hours and this would obviously lead to a setback and potential higher costs.