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If you’ve read this book by Robert Kiyosaki, “Rich Dad, Poor Dad,” you’ll realize that getting a college education, securing a 9-5 job, and then climbing the corporate ladder isn’t the most effective way to become rich.

However, that doesn’t mean that college education is getting cheaper, just because the rat race is no longer in fashion among the younger generation. In fact, it cost a fair amount of money which requires financial planning right from the birth of the baby.

Between the costs of tuition, books, room and board, and school service fees, the total bill can add up quickly. However there are ways to get reduced or even free tuition for your college education.

Goal for scholarships

This goes without saying, but you’d be surprised that many students don’t apply for scholarships. There are many scholarships available and while good grades are a must, you don’t need to be the valedictorian of your class. Check with your school advisor or university academic advisor for application criteria.

Get free lessons

Some states offer free tuition for bright students from low-income families so they can attend college. In New Jersey, you may be eligible for free tuition at your community college if you are in the top twenty percent of your high school class. Just do some research online and see what’s available.

Beginning in 2008, Stanford University will no longer charge tuition fees to students whose parents earn less than $100,000 a year. Additionally, all room and board expenses will be waived for students whose families make less than $60,000 a year. The program also eliminates the need for student loans.

In 2008, MIT also announced plans to offer free tuition to those whose families make less than $75,000 a year.

Other ways to get free lessons include:

1. Employee benefits

Human resources are one of the most important assets in a company, so many employers focus on retraining and upskilling their workers to become more productive and gain a competitive edge.

If you want to further your education, there are usually partial or full refunds, especially for tuition related to your job description.

To qualify, you’ll usually need to get a minimum grade of no less than a “C”. Check with your employer about the terms of any tuition refund policy.

For educational employees (in colleges and universities), there are usually benefits such as reduced or free tuition. In some cases this extends to close family members. This could be an extra incentive to work as a university volunteer for the sake of your children.

2. GI Veterans

If you’re a US Army Veteran, you may be eligible for free tuition that includes college tuition, job training, certification testing, and more.

3. Out of class testing

This means you take a test out of class which is usually cheaper (about a third) than paying for the whole class. However, you must have in-depth knowledge of the subject and it is at the discretion of the college. You have to convince them with your resume and your reasons.

Getting free lessons is not an impossible task. There are options available, but it’s all about being creative, proactive, and persevering. To save the exorbitant cost of $25,000 to $80,000, I think it’s well worth the effort though.

By skadmin

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