If you’re currently in college or in the application process, you’ve probably already realized that college is a significant financial investment. Many students rely on scholarships, grants, and financial aid as ways to pay for college.
However, scholarships are often not enough to cover the high costs students face. Many students take matters into their own hands and come up with clever ways to save money on their own. The following are 5 creative college financing solutions to help students think about how to pay for college.
Of course, we couldn’t talk about saving money for college without mentioning scholarships. College scholarships are the best source of college funding and the best way to accumulate money to pay for tuition, supplies, and housing.
While most college student scholarships require you to write an essay as part of your application, there are tons of unique college scholarships that allow you to express yourself in ways that aren’t typical. Enter the Create-A-Greeting-Card Scholarship Contest, which invites students to submit an original photo, artwork, or computer graphic to use on the front of a greeting card.
There are also many college scholarships that are awarded to students based on criteria other than academic or athletic performance. For example, the Vegetarian Resource Group Scholarship awards one $10,000 award and two $5,000 awards to three students who have promoted vegetarianism in their schools and communities.
We know what you’re thinking: “This takes too long!” “How to easily find scholarships for the university I am qualified for?”. There are many scholarship search engines, like FastWeb and ScholarshipOwl, that match you with hundreds of college scholarships to apply for with a single application.
2. Start a business
Nowadays, it seems like everyone has a startup. Do you have a new business idea? A business you run on your own is another creative college financing idea to earn money and pay for college. Well, you don’t need to wait for an entrepreneurship degree to turn your thoughts into action. Many super successful startups (cough cough, Facebook) were founded by college students. College is a great time to start your own business. Your business may not bring you a billion dollars, but it can bring you some additional college funding.
Many students earn enough money to pay for tuition and other expenses by starting a food delivery service, cleaning service, or car rental business. So, put on your thinking cap and get to work. Starting a business in school can help you earn money as a student and is one of the ways to pay for college.
3. Find a Sugar Daddy/Momma to Cover All
Sugar dating is more and more common today, it can seen that many sugar dating websites and apps are growing enormously. Approximately 4 million students are using the dating site SugarDaddySeek to find generous partners — sugar daddies or sugar mommas — to help pay for some or all of their education expenses. According to the company, 62 percent of those, or 2.48 million, are students in the United States. The site just published a list of the schools with the greatest growth in new profiles across the country.
In exchange, sugar babies are invited to dinners, parties, and trips with their sugar daddy or daddies. They may give companionship or develop a mentor-mentee relationship in some situations. In other cases, the agreement’s terms include physical intimacy.
Also read how to find sugar daddy.
4. Cooperative education
Cooperative education, also known as co-op or co-ops, is another creative way to pay for college that helps you get college funds while you’re in school. Cooperatives are like apprenticeships and can take many forms. One of the most common is combining a program or major with real-life work experience. Generally, as career preparation programs, college co-ops allow students to gain hands-on experience and try out a real career while in school. Students can earn a college degree, gain experience, get a great job after college, and can even earn money while doing it all. Co-op combines education with work experience.
If you decide to go down this path, you will be working while you are still in school, in a job that will relate to your main or career goals. Many students who participate in co-ops during college can earn up to $40,000, which allows them to pay for college.
5. Armed Forces Military Tuition Assistance Program
Some of you might also be interested in knowing how to fully cover college funds. Joining the Air Force, Army, Coast Guard, Marine Corps, National Guard, Navy, or Reserves is a great way to get a free education. Through the Armed Forces Military Tuition Assistance Program, students can cover up to 100% of college tuition. Serve the country without drowning in debt? Sounds like a great way to fund college!