Worried About Affording School?
Figure out your budget
- How can you reduce your expenses?
--food is the most fluctuating line in our budget
--no eating out, no buying coffee, plan meals ahead of time, only shop with a list, only shop with cash
--No spend weeks (minus necessary to live items)
--Get rid of subscriptions- you won’t use them anyways!
- How can you increase your income?
- side jobs, online hustles- sell stuff on ebay, clothes online, whatever isn’t nailed down or doesn’t have a special meaning sell it , old fashioned way-- have a yard sale!, cutting grass, pizza delivery…get creative!
-- Do these in the time leading up to starting school with as much intensity as possible because your time will be very limited once starting classes.
--Separate savings account.
How to pick a school in your budget
- Local/ In-State (always the least expensive option)
- Community college vs University
- Scholarship opportunities- explore all options, apply to as many as you can.
- Length of program (some offer accelerated if you already have a degree or certificate in the field)
- Total cost, -- not just per credit fees, there’s a lot of additional fees you need to make sure you add into the cost of the program.
- Compare/ contrast/ consider all options
Scholarships/ grants/ work study (free money)
- PELL Grant/ State Grants- fill out a FAFSA first! https://studentaid.ed.gov/sa/fafsa
- Must maintain SAP for the school (don’t withdraw or fail out a certain percentage of classes)
- Take all summer the year before to fill out scholarships (every dollar helps)-- see above example
- Seek employment / volunteer work that offers educational assistance/ tuition reimbursement
- Student loans as an absolute LAST resort (if even at all), then only the minimum amount needed to complete the term (why a budget first is so very important)
-- Be very careful with these.
All this and more linked to the show notes at www.thehonestnurse.com/podcast