When doing my degree I was told that 80% of people were capable of getting a degree but they did not know it with the but they did not know it being the reason they did not try,First, recognize that less than half of high school graduates are actually college-material, and instead enroll in a vocational trade program. If your family is lower-income, you’ll get Pell Grants.
Now, for the 40% or so who DO have the intelligence and discipline to make it through four years, here’s how you do it:
1) Attend community college for the first two years: $10,000 for both years.
2) Get a B average, and an academic transfer scholarship to your state university for the last two years. With the reduced tuition of the scholarship, tuition will be around $15,000 for both years.
Total tuition for all four years of college: $25,000 (or less than a car loan)
3) Work summers, earning around $5000 per summer, or $4500 after taxes. Apply the $18,000 to the tuition, and you only have $7000 to borrow.
4) Say what? You want to live on campus the last two years, and that will cost another $20,000? Then get a job between sophomore and junior year, full-time, and earn the money. You can transfer a year later and pay for room and board.
So what’s wrong with this plan? It’s a way to graduate from college with a debt of a few thousand dollars, if that, and not expect the working class to pat for it.