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.
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.