Another way to get additional money for college is to enroll in a work-study program while attending classes. The more you can knock off of your tuition with work study, the less you will need to borrow and pay back in the long run. Before committing to work study, make sure you have the time and motivation to work and keep your grades up. Some work-study programs require students to maintain a certain GPA to be eligible for the program. It is not worth the money you save if you end up flunking out of school because of the time the work-study program takes from your academic study time.
Some money is available for borrowing for little or no interest. Government programs allow students with certain qualifications to borrow a portion of their tuition money with no interest repayment. This means you will be paying back exactly what you borrow. This might not seem like a big deal to a college freshman, but when you realize how much you pay in interest, it is well worth it. A popular option for finding the money for school is to apply for grants and scholarships. This is the best kind of tuition money because it never has to be paid back.
It might be a small amount, but every little bit helps. In some cases, students are able to get enough grants and scholarship money to not pay any money in tuition out of their own pocket or from borrowed money. Most scholarships require students to keep a certain GPA or to have a certain number of qualifications in high school before receiving the aware. Grand money, however, is usually less strict and more available, although it might not offer a big amount as scholarship money. Once you are paying back what you owe, there are plenty of ways to cut costs. Many companies allow you to declare a financial hardship and reduce your payments.
You might also be able to stretch the payments out over a longer period of time. You might not be paying less in the long run, but it will give you extra money each month.