Smart Ways to Finance Your Continued Education

People return to school for a variety of reasons. Whether you’re looking to increase your earning power or simply wish to broaden your knowledge of a particular subject, continuing your education is a smart move. However, it’s no secret that higher education can be pricey, with many schools costing thousands of dollars per semester to attend. Fortunately, continuing your education doesn’t have to entail breaking the bank. Returning students looking to keep their personal finances intact are urged to explore the following options.

Ask Your Employer

If you’re returning to school on the orders of your employer, it’s only fair that they foot the bill. Since the skills and knowledge you acquire will ultimately prove beneficial to them, there’s no reason you should have to pay for employer-mandated education out of your own pocket. If the company hasn’t offered to pay, don’t be afraid to request it yourself. To understand more about why employers should fund workers’ continued educations, pay a visit to EmployeeConnect.

Explore Scholarship Options

Each year, there are a staggering number of unclaimed scholarships. Although a substantial percentage of students don’t believe they’re eligible to receive them, nearly every student qualifies for a scholarship of some sort. Additionally, there are a number of free online resources designed to help people research which scholarships apply to them. Regardless of your financial background or past academic performance, odds are you qualify for at least one scholarship. If you don’t want to go the online route, a school guidance counselor or financial advisor can also provide you with valuable scholarship information.

Negotiate With the Tuition Office

Unbeknownst to most students, many schools are perfectly willing to offer reduced tuition to financially burdened students. However, since few institutions openly advertise this fact, the onus is on you to take the initiative and arrange a sit-down with your school’s tuition office. After meeting with them, you may be surprised by how willing they are to reduce your tuition, thus making your continued education financially feasible.

As many students and educators can attest, higher education seldom comes cheap. Still, this isn’t to say that you should allow financial concerns to prevent you from going back to school. When it comes to financing one’s education, new and returning students have a lot more options than they realize. Requesting that your employer foot the bill, exploring scholarship options and negotiating with tuition offices can go a long way in making your return to school comfortably affordable.