Financing
Paying for community college can be overwhelming. Use the tools, resources and tips within this section to help you finance your education. From student loans to scholarships, we’ll cover the most common financial aid options available to community college students. Get money saving tips, learn more about Pell grants, and explore the federal work-study program.
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While community colleges are a very affordable option over four-year universities, some campuses are increasing their tuition either across the board or for popular degree programs.
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.
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
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Today’s strapped financial aid offices have translated into late checks for community college students. Learn about why financial aid checks are becoming tardy and how students are coping.
Increasing amounts of financial aid have 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 actually getting a check to pay for mounting expenses are not necessarily one and 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, as well as 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. If financial aid doesn't come soon, some may be forced to abandon their education.
Offering Assistance
In some cases, the colleges are doing what they can to help cash-strapped students eke by until the aid check arrives. Some colleges are waiving fees for late tuition payments and others are offering interest free loans for
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Have you ever been sticker-shocked at the textbook costs for each of your classes? Thanks to a new law, before you sign up for a class, you can ascertain exactly how much the course’s textbooks will cost.
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 two short years ago. For community college students who
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Textbooks can be a financial burden for community college students, but there are ways you can obtain textbooks for free.
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 major expense for many students, with some books easily costing more than $100 to bring a grand total for a single semester well into the $500-$1,000 range.
Cash-strapped students are often on the lookout for affordable solutions to the textbook issue, and fortunately, help is available. Through a variety of 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 a number of 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 all of these options offer their own advantages and drawbacks, using a variety of methods to secure all the textbooks you need for any given semester can reap serious rewards in terms of 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," and that
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Amidst major immigration controversy in the country, some community colleges are in the spotlight for giving undocumented immigrants scholarships. Learn more about both sides of the debate.
As the illegal immigration debate continues to rage, another aspect of the issue comes into light. A community college in California has set up a scholarship fund that is available to illegal immigrants, as well as legal residents of the United States, according to a report on Fox News.
While the foundation responsible for the scholarship is receiving a considerable amount of flack, it turns out there are other scholarship avenues for illegal immigrants to explore as well.
The Immigration Question
Most immigrant students seeking scholarship money hold green cards or have permanent residency in this country. However, there are also numerous illegal immigrants who have been brought into this country by their parents and grew up as Americans, even if they don't have the documentation to prove it. Much discussion has begun over whether these students are entitled to any type of financial aid to help pay for their higher education.
The immigration debate has been fueled by both new Arizona legislation and increasing concerns over border security. Fox News reports on a recent alert sent out by the Department of Homeland Security regarding a Somali man with terror ties who the agency believes is trying to cross the Mexican border into the United States.
Controversy at Santa Ana College
The recent announcement of a new memorial scholarship at Santa Ana College in honor of former student Tan Ngoc Tran has sparked additional furor. Tran was a student leader and immigrant-rights activist who graduated from
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Recent Articles
We report on the recent increases in Stafford Loan Rates, which have led to some community colleges across the country discontinuing this option for financial aid.
Attending college is expensive but there are options for financing beyond just student loans. Keep reading to learn more.
College is expensive enough without the added cost of medical school on top of it. If you're on a pre-med track, consider taking some of your prerequisites at community college. Keep reading to learn more.
