3 Sources of Financial Aid You May Not Have Thought Of

It’s no secret that the cost of college has skyrocketed to unprecedented levels. Fortunately, there is a host of ways for you can defray these costs if you’re willing to get creative. While everyone knows about the academic merit and need scholarships available, there are various other ways that students can help to lower the cost of attending college. Here are three sources of financial aid that you may not have considered.

Tuition Reimbursement from Work

There are many federal and local programs that reward students with financial aid in exchange for their work. Often a company will offer tuition reimbursement primarily for classes that are related to the profession to ensure that its employees are all well-trained, which will benefit the company in the long-run. A company may also offer tuition reimbursement just as a way to acquire new employees and keep them happy.  

Local Businesses

Your community may be a treasure trove of financial aid resources if you know where to look. Local businesses and civic groups commonly provide scholarships to students in the area. These organizations want to give back to the community in tangible ways like supporting the youngest residents in their educational goals. Some businesses may issue the funds directly to the recipient’s chosen college or university, rather than to the student. A high school guidance counselor should be a good resource to learn what businesses to approach this type of aid.

Crowdfunding

One of the latest new trends in raising money for college tuition is through the use of crowdfunding. Prospective college students can use crowdfunding to ask their friends, family, and communities to help support them financially in their endeavors to earn a higher education. Even small donations can add up quickly if you have the support of enough people. After deciding how much money you need to get started, choose a crowdfunding platform and present your compelling case as to why people should invest their money in your education.

Regardless of how much money you have put away for college, you can make this dream a reality by exploring all of these options for financial aid. The most important piece of advice is to leave no stone unturned when looking to fund this schooling.

If you’re preparing to go to college, it’s important not only to prepare financially but also to prepare for the entrance exams, which can unlock tens or hundreds of thousands of dollars. That’s where Michael Jordan College Prep can help you. Schedule a free phone consultation to see which option is best for you!