About This Chapter
Financial Considerations of Attending College: Chapter Summary
The type of school you choose can play a big part in determining the cost of your education. Let our guidance counselors help you assess the benefits and drawbacks of opting for a community college, public university or private school. We can also show you how to save money by earning college credit by examination, regardless of which school type you choose to attend. This chapter includes:
Earning Credits by Exam
Earning college credit with acceptable scores on subject-area exams can save you thousands on your college education. Learn what this process entails and explore some of the major providers of credit by examination, such as CLEP, Excelsior and DSST tests.
Starting at a Community College
Attending a community college close to home can save you money on tuition and living costs, and it also allow you to fulfill general education requirements if you're undecided on a major. However, this option also has drawbacks, including a potential lack of research, study abroad and extracurricular opportunities. We'll help you weigh the pros and cons of selecting one of these 2-year schools.
Attending an In-state Public School
Public 4-year universities also offer financial benefits, including tuition costs that are significantly lower for residents. Our guidance counselors can walk you through some of the incentives these schools offer to students who choose to stay in the state.
Opting for a Private College
If you're considering a private school education, our counselors can help you understand when the higher costs associated with this school type are worth the long-term return on investment. They can also teach you how to find private colleges that provide above-average financial aid packages.
1. The Pros and Cons of Attending Community College
This lesson is designed to give you a variety of information about the advantages and disadvantages of attending a community college as opposed to beginning your education at a four-year university.
2. Saving Time and Money with Credit By Exam
College is expensive, but there are ways to cut down on your expenses, even before you set foot on campus! Learn how to use credit by exam to cut the cost and time of your degree program in this video lesson.
3. The Benefits of In-State Public Colleges
For many students, choosing where to go to college is one of the biggest decisions they will make in their lives. Watch this video to find out what some of the benefits are to in-state public colleges and how they differ from out-of-state and private colleges.
4. When is a Private College Worth the Tuition?
Private colleges usually cost more than public universities, but they can also provide several advantages. Watch this lesson to learn some of the benefits of private colleges and how to know when they are worth the price tag.
Earning College Credit
Did you know… We have over 160 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.