If you’ve been to college, are in college or are planning to go, you know that a college degree can cost enough to affect your personal finances for years – sometimes for life. We look at some facts and figures about college, tuition, and some of the ways that students pay for their degree.
Funding College: The Numbers
There are three timelines for raising funds to pay for college tuition: before, during and after. Obviously, having some or all funds upfront is nice. It gives you a 3-4 year head start on students who accumulate college debt. But given the cost of college, it’s not an option for everyone. Earning and paying tuition during college costs you time while you’re studying, potentially delaying your degree with distractions — but it’s a fact of life. Paying for college after graduating — i.e., acquiring student debt — is of course the most costly option because it involves interest payments. Of course, if you drop out of college and have loans, those could come due immediately.
BestCollegesOnline.org takes a look at the numbers for college enrollments, tuition and other related figures to give you creative ways to fund your education. Click on the image to see the complete infographic.