Tuition Help

We all know that college can be expensive. Whether you’re having to pay for education for yourself or for a child, you should know, however, that you’re not completely stuck doing it all on your own. If you’re “in the know,” there are actually many things you can do to get some tuition help, including these little-known but highly-effective tips.  

Go for Scholarships that Aren’t “Run of the Mill”

First of all, there are the big, well-known scholarships that everyone applies for. There is nothing wrong with such scholarships. Indeed, they help a great many people. The only problem is that so many people apply for them that your chances of actually being selected as a recipient are not so great.

When you seek out those lesser-known, less popular scholarships, however, you greatly increase your chances of getting selected as a recipient.

Look for scholarships that may be offered for those with special talents or skills that you have. Look for scholarships related to workplaces or parents’ line of work. The key word in all of this is “look.” Research, research, and then research some more to find those obscure scholarships that you or your child have a really great chance of qualifying for.

Use Your Home Equity

If you’re fortunate enough to own your own home, you may be able to dip into your home equity line of credit to help pay for college.

The good news about this is that interest rates tend to be good on home equity lines. You can find out more about this option and whether it’s available to you by speaking with your mortgage lender.

As you can see, there are lots of great options out there for paying for college, whether it’s for yourself or a child. Talk to your accountant to learn about other options out there, as well as to learn how to maximize your tax returns for the most money-saving options. After all, every cent you save on taxes can be applied to education costs.