Tip of the Week
Career growth, job stability and employee benefits have increased the pursuit of a college education, and with it, the cost of earning a degree.
Financial aid experts like Michelle Stipp, director of student finance operations for DeVry University, suggest students explore all opportunities to decrease supplemental student loans that may be needed to cover remaining tuition costs, including:
• Online scholarship search tools: For example, scholarships.com or fastweb.com can aid in finding the right scholarship for each individual. These websites allow you to sort scholarship options by institution and relevancy.
• Scholarship opportunities at your college or university: Beyond financial aid, many colleges or universities provide a variety of scholarship opportunities. Scholarships can be awarded for many reasons, including academic excellence, extracurricular participation and financial need.
• Employer reimbursement programs: Many employed adults also seek financial assistance when they choose to continue their education while working. In some cases, their employers provide tuition assistance or tuition reimbursement programs, through which employers offer to pay a portion of the employee’s tuition while they are enrolled.