Financing

Many high school graduates find an affordable solution to expensive four-year universities by attending community colleges in their area instead. Professionals who require additional training or need to forge a new career path have also found community colleges to be an affordable solution to their career needs.

However, community college is becoming a little less affordable in some areas, with the current economic slowdown forcing many schools to hike up tuition rates in an effort to combat rising costs and decreased funding.

Pima Community College

In Tucson, Arizona, Pima Community College is considering increases in tuition rates for some of their more popular programs. The school is facing financial shortfalls after having state appropriations cut by more than 30% over the past two years. Roy Flores, the college's chancellor, told Inside Higher Ed, "It looks like we'll have budget cuts for the foreseeable future…As we get squeezed from every corner, I'm concerned about the future of our occupational programs and our ability to respond to people who get laid off and need new skills to get back on their feet."

Instead of raising actual tuition rates, Pima is considering a premium charge of 10-30% on popular programs like nursing and avionics. The charge would be phased in slowly, rather than getting assessed in a single expensive bill. Flores does not believe the addition of a premium charge would price many students out of the opportunity to pursue

Increasing financial aid has made the community college track more affordable today. However, students who have been awarded financial aid are quickly finding that getting approved for financial aid and getting a check to pay for mounting expenses are not necessarily the same.

The Backlog

Community college financial aid offices are getting inundated with financial aid applications this year as more students are finding reasons to head to these two-year institutions to prepare them for the workforce. At the same time, budget cuts are reducing the number of staff available to process this expansive number of applications. The result at many community colleges is a backlog of requests that will take many weeks to process.

This is not good news for thousands of community college students who rely on those financial aid checks to pay for basic necessities like food and rent and the cost of tuition and books. If the checks don't arrive timely, some students are faced with the realization that they may not be able to live up to their lease obligations, purchase the textbooks they need, or put food on the table. Some may be forced to abandon their education if financial aid doesn't come soon.

This video explains how (FAFSA) works.

Offering Assistance

In some cases, the colleges do what they can to help cash-strapped students eke by until the aid check arrives. Some

After they scrape together the necessary cash to pay tuition fees, community college students find that their financial obligations are far from over. The rising costs of textbooks and other necessary supplies have put more than one college student into a deep financial hole, forcing some to choose between their necessary resources and rent for the month.

To help students plan more efficiently for the cost of textbooks each semester, a new law has been put in place to require college professors to disclose the precise costs of textbooks before a student commits to their classes, according to a report in the Pittsburgh Post-Gazette.

Lower Prices

In addition to helping students plan for the cost of higher education more accurately, the new law will also increase awareness and competition in the textbook market, lowering the cost of textbooks overall.

This is good news to students who may spend hundreds of dollars every semester to stock their dormitory bookshelves with the necessary supplies. A report in the Washington Post two years ago estimated that some college students pay between $700 and $1,100 each year on textbooks. Between 1986 and 2004, the price of a college textbook tripled, with an annual increase of around 6% each year – nearly double the rate of inflation.

"It's really hard just paying for tuition alone," Annaiis Wilkinson told the Washington Post. The 19-year-old Trinity Washington University student paid about $500 in textbooks each semester just

Students who enter community college today might be dismayed to find that hefty tuition payments are just the beginning of a potentially expensive college career. In addition to the annual tuition costs, textbooks have become a significant expense for many students, with some books easily costing more than $100 to bring a total for a single semester well into the $500-$1,000 range.

Cash-strapped students are often looking for affordable solutions to the textbook issue; fortunately, help is available. Through various programs offered on community college campuses and across the Internet, students are finding they can save a bundle on the textbooks they need.

Affordable Options

A report last year on U.S. News and World Report cited several options students could explore to save money on college textbooks, including:

• Using textbook rental services
• Borrowing textbooks from libraries
• Participating in textbook exchanges
• Getting textbooks for free or nearly free online
• Finding used textbooks at a reduced price

While these options offer advantages and drawbacks, using various methods to secure all the textbooks you need for any given semester can reap serious rewards for saving money. In addition to the tried and true savings programs, some college professors are getting involved in the affordable textbook cause to find resources for students that provide them with the information they need to ace a class without going into the red to do so.

Freebies

Someone once said that "the best things in life are free," especially when it comes to college textbooks.

The Poorer the Student, the Less Likely to Apply for Aid

Community college students are much more likely to qualify for financial aid than four-year university students. However, students attending two-year institutions are unlikely to apply for assistance, according to a recently released report by the College Board. The discrepancy has inspired many higher educators to "put on their thinking caps" and devise a solution to make community college more affordable to those who can least afford it.

According to the College Board Study, only 58% of community college students eligible for Pell grants applied for financial aid, compared with 77% of Pell-eligible students at four-year institutions. The College Board report states, "Although community college students are more likely to be eligible for need-based federal aid, they are less likely than their peers at other types of institutions to file the Free Application for Federal Student Aid (FAFSA)."

College Raptor makes the following observation about some students not applying for financial aid. "The National College Access Network (NCAN) recently released an alarming study about college-bound students’ awareness of financial aid opportunities. Within their post, they reference other findings and statistics about higher education and financial aid. The Department of Education found that only 45% of high school students completed and filed the FAFSA. Less than half of graduating high school students apply for federal financial aid." Apparently, many high school students know little or nothing about financial aid.

This video