Fill the College Funding Gap Beyond Loans and Scholarships

Earning a college degree can boost your lifetime earnings by 287%, according to the U.S. Bureau of Labor Statistics, but it can cost over $500,000, on average. That’s an eye-opener, and student loans likely won’t cover it all. Explore these college funding alternatives to help fill the funding gap.

Start with a Community College
Save big by tackling the first two years of your degree at a local community college. If you can, also consider living at home while you do because it can help save nearly $7,000 per year, according to the National Center for Education Statistics.

Explore Work-Study Programs
Take advantage of work-study opportunities to earn money and gain valuable work experience while you study. These positions can be both on- and off-campus, and many will allow you to earn degree-specific credits and income at the same time.

Take the Tax Breaks: The IRS can help make college more affordable with special tax credits. Check with a tax pro to understand which deductions you may qualify for.

Work Part Time: Working part-time can help you cover your expenses and even help you gain valuable experience.

Find an Internship: Look for internships that offer college credits and valuable experience in your field of study. Paid internships are an added bonus! To find the right internship, talk to your college or university about opportunities that support your goals.

Options Available at Clearwater Clearwater is here to support you on your education journey, we offer a scholarship program, private student loans through Student Choice, and alternative education loans to local trade schools. Anytime you have questions about a college budget and how to fill the funding gap, contact us.