You’re ready to go back to school. You’re more mature now and you know what you want to do with your life.
The only problem you’re up against is that you’ve got bad credit and you’re not sure what to do. You wonder how to go back to school with no money but don’t see much hope.
The good news is that there are things you can do to ensure you get the education you need even if you have bad credit and no cash. Continue reading this article to learn how you can get the education you want.
Must-Know Facts About How to Go Back to School with No Money
You want to create a better life for you and your family — that’s admirable. These tips will help you get started on that path sooner than later.
1. Calculate Your Financial Need
Before you start stressing on how much college is going to cost you — figure out how much it’s really going to cost. In some cases, you may be overestimating the cost of going back to school and putting yourself into a panic for no reason.
Knowing a concrete number gives you something real to work with so you can start finding solutions. If you look at your income and it looks like there is no way to make school happen on your own, some colleges might agree which is why you can fill out the FAFSA and see what your options are.
2. Fill Out Your FAFSA Information
If you want help from federal student aid then this is where you go. It’s the official form for colleges in the United States.
You’ll need to fill out this form for each of the school you’re applying to even if you haven’t been accepted by them. You need to check for each school’s deadline to make sure you’re well within the limits.
By filling out this form for each of the schools, you aren’t making a commitment to go to these schools. You are taking a look at the offers you’ll get so you can make a decision.
3. Verify Information
When you’re filling out the FAFSA form, be ready to verify your information.
While each school has its own requirements, almost every school requires that you give them proof of your income. If you aren’t sure of the requirements for a specific school, you can directly contact their financial aid officer.
4. Consider Your Offers
If you’re accepted into multiple schools, you likely have offers from more than one financial institution. Don’t jump at any of the offers. Consider which one is right for you and your personal goals.
Just because one of the offers is bigger than the others, that doesn’t mean it is the best choice.
5. Consider Personal Loans for Bad Credit
If you have bad credit, there are student loans for bad credit that can help you out of your predicament. You may even find some lenders that will give you money to go to school without even doing a credit check.
6. Consider Going Part-Time
When you want to go back to school but money is tight, you may want to look into going back to school on a part-time basis. If you go back to school on a part-time basis, you can likely keep your current job so you can continue bringing in the money you need to pay for your education.
While it might take longer to get your degree going part-time, it’s better to start working toward your goal slowly than not start working on it at all.
7. Look Into Scholarships
Scholarships are a great option when you are low on cash. There often are programs for people that are older and going back to school so keep a lookout for those as well.
8. Check if Career Experience Equates to Credits
If you have experience in the field where you want to go back to school, check to see if your career experience equates to college credits. Many times, you have the experience and knowledge that you need to perform your job but having a degree is attractive on a resume.
If you are able to reduce the number of credits you need to graduate, you can reduce the amount of money you have to pay out for your education.
9. Check for Tax Breaks
The fewer taxes you have to pay, the better for your wallet. Check to see what tax credits you can get for going back to school.
10. Pick Up a Side Hustle
While taking on another project while you’re going to school might seem like near insanity, it might be just what you need. Now that you’re out in the college community, you have access to people you wouldn’t be able to reach otherwise.
You might offer tutoring services in your class or in other subjects where you’re well-versed. Being able to make some extra money while you’re going to school can help you reach your goals but you will have to become a master at time management if you want to be able to do it all.
Learn More About Leadership and Business
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