How to Finance College Studies

Studying at university is a very stimulating challenge, but financial issues often become a headache. How will we be able to pay the established amount of tuition fees? Will we be able to combine our studies with our working life? To begin with, we must be clear about the differences between a public university and a private university: the function of the former is to guarantee universal access to education; the latter are more expensive and are governed by other priorities. Either way, in both cases students can apply for scholarships to cover part of the academic costs.

In this post, we present 5 tips to help you face your university career in a stable environment.

5 options for lowering the cost of college tuition

  • Apply for public and private scholarships. The scholarship system seeks to ensure equal opportunities for students to access university. In fact, a wide variety of scholarships are offered by both the public and private systems. Also, keep in mind that there are specific grants for some professional sectors.
  • Check if you are entitled to any exemption. Some groups, such as people with disabilities and victims of terrorism, are exempt from paying tuition fees. In some cases, the exemption is total, while in others the discount is partial. However, bear in mind that positive discrimination is applied with different criteria in public and private universities.
  • Do not enroll in all subjects. If you suspect that the final tuition fee will be too high, you can reduce the number of credits. That is, enroll part-time and take advantage of the rest of the hours to do other activities: work part-time, sign up for free courses, study in the library, etc.
  • Pass the first time. Repeating a subject is equivalent to having to assume a more expensive tuition. Therefore, it is worth trying to pass during the course in which you have enrolled for the first time. Normally, curricula usually include two exams: the regular exam and the make-up exam. Take advantage of this!
  • Try to obtain several honors. Fortunately, good performance is rewarded. For example, if you get an honors degree (the grade must be between 9 and 10) you will save the number of credits of that subject in the next registration. You can start sinking your elbows in now!

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