There are several ways to reduce the amount that going to a college or career school will cost you so that you can avoid borrowing too much.
You or your parents might qualify for a Hope tax credit or Lifetime Learning tax credit. For more information on these credits, visit
You should also check with your tax professional or the Internal Revenue Service (IRS). IRS Publication 970, Tax Benefits for Higher Education, explains these credits and other tax benefits. You can order the publication free from the IRS at 1-800-tax-form (1-800-829-3676). Or you can download the publication from the website www.irs.ustreas.gov.
If you plan on working toward a bachelor's degree, you might want to consider starting out at a two-year community college and then transferring to a four-year school. Community colleges are partially funded by local and state taxes and are therefore usually less expensive than four-year schools. Some four-year schools are also partially funded by local and state taxes and can be less expensive than those that are not funded by taxes.
You can also save money by living at home and commuting to your local community college. You'll want to make sure that the courses you take during your first two years will transfer to the four-year school you want to attend and that they will count toward your bachelor's degree.
Whether you choose a college or a career school, you can work part time to pay for some of your costs. If you do this, you should make sure that you save enough time for studying and that your work and school schedules do not conflict.
AmeriCorps is a program that allows participants to earn education awards in return for national service. For more information, contact the Corporation for National Service:
Corporation for National Service
1201 New York Avenue, NW
Washington, DC 20525
The U.S. Armed Forces also offer the following educational programs and ways to pay for school or to reduce your school costs:
Contact your local military recruiter for more information on these programs.
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