Ch 1: Financial Considerations of Attending College

About This Chapter

Video lessons included in this chapter can help you evaluate some of the costs associated with attending different school types. You can also find out how to save money by participating in credit-by-examination programs.

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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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Earning College Credit

Did you know… We have over 200 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? 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.