How to take some of the sting out of college costs.

Man working with concrete
A college degree might cost less than you think, and here’s why.

Headlines about the rising costs of higher education can be daunting whether you’re gearing up to send your high schooler off to college or heading back to school yourself. With years of education ahead, the stakes are already high, and the prospect of an enormous price tag can easily send your apprehension into overdrive.

“The process is overwhelming and stressful for any family,” says Jessica Brown, founder of CollegeGurl and author of How to Pay for College When You’re Broke. But while college costs in general continue to rise, there are a number of steps you can take to help trim the tuition bill.

Look for high school and college credits. Many high schools have programs that can help students earn high school and college credits simultaneously, potentially allowing for fewer years of tuition. In Ohio, for example, qualified students in grades seven through 12 can take courses from Ohio colleges or universities through College Credit Plus, explains Jeff Robinson§, director of communications for the Ohio Department of Higher Education. Over the three years of its existence, the program has saved Ohio families more than $416 million in tuition.

Consider community college. You can help save yourself money by starting out at a community college and then transferring to a four-year school for your final two years. Tuition and fees at community colleges average $3,440 per year, compared to a four-year institution’s average yearly price tag of between $9,410 (public college, in-state students) and $32,410 (private college)#.

Get the real price. “People really don’t have a good idea of the true cost of college,” says Brown, who warns against overlooking costs like room and board, books, fees, and more. To get a true tuition estimate and understand all your savings options, Brown recommends communicating directly with the school to discuss costs, tuition discounts, and other savings options with both the financial aid and enrollment offices.

Fill out the Free Application for Federal Student Aid (FAFSA). In 2015, more than two million students didn’t file the FAFSA, potentially losing out on Federal Pell Grants, totaling as much as $9.5 billion, as well as $2.7 billion in state and institutional grants††. The FAFSA is a prerequisite for receiving almost any type of financial aid—federal, state, and through colleges themselves. And the sooner you complete the FAFSA, the better. “First come, first serve—that’s how the financial aid process works,” Brown says.

Look for discounts and scholarships. There are many ways, from programs for veterans to education grants and scholarships for specific fields, to access tuition assistance. For example, active duty military members and veterans can access educational funding through the GI BillŁ, while the federally funded Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides grants for teaching students who intend to work in low-income school districts. The Midwest Student Exchange Program also offers tuition reductions at certain schools to eligible students from Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, and Wisconsin‡‡.

Continue the negotiation. You can continue to negotiate or appeal the size of an offer even after you’ve been accepted to a school and offered aid, says Andy Lockwoodұ, author and college admissions and financial aid advisor at Lockwood College Prep.

Consider online courses. Technology has given rise to well-regarded online learning opportunities, often with lower tuition costs. Online learning also affords more scheduling flexibility, enabling students to work while pursuing a degree. Here’s a ranked list of the top online bachelor’s degree programs in the U.S. by U.S. News and World Report.

As you navigate the process, it may also help to keep the payoff of all this effort, energy, and time in mind. A 2015 study from the Georgetown University Center on Education and the Workforce found that, on average, college graduates earn $1 million more over their lifetime than high school graduates¥. What’s more, a Pew Research Center analysis of median salaries of millennials found that high school grads between 25 and 32 years old earned an average of $17,500 a year less than their peers who held college degrees.

Paying for college seems daunting, but it doesn’t have to be,” Brown says. Accumulating funds through saving, grants, and scholarships can add up. “Every little bit helps,” she says. “So just take a deep breath and do as much as you can do a day at a time.

When planning for college, know that you’re not in it alone.

Huntington can help you figure out how much college debt is worth taking on and explore alternatives to a four-year education that can help save you money.

Back to Life Moments

Return back to home.
Go Back

Looking for a low- to no-cost-debt career path? Try an apprenticeship

Gain a set of marketable skills and a better opportunity for a well paying career - without the high-cost college tutition tab
Read Article

Interview with Jessica Brown.

U.S. News and World Report, See the Average Costs of Attending College in 2018-2019, September 10, 2018

§Interview with Jeff Robinson.

Ohio Department of Education, “More Than 52,000 Ohio High School Students Saved More Than $110 Million on College Tuition,” September 9, 2016.

# College Board, “College Costs FAQs.”

††SavingforCollege.com, “Millions of students still fail to file the FAFSA each year,” September 17, 2018.

ŁThe Military Wallet, “Extra College Money for Military Members and Veterans,” April 10, 2019.

Office of the U.S. Department of Education, Federal Student Aid, “TEACH Grants.”

‡‡National Association of Student Financial Aid Administrators, “State & Regional College Tuition Discounts.”

ұInterview with Andy Lockwood.

¥Georgetown University, “The Economic Value of College Majors,” 2015.

Pew Research Center, “The Rising Cost of Not Going to College,” February 11, 2014.

The information provided is intended solely for general informational purposes and is provided with the understanding that neither Huntington, its affiliates nor any other party is engaging in rendering tax, financial, legal, technical or other professional advice or services. Any use of this information should be done only in consultation with a qualified and licensed professional who can take into account all relevant factors and desired outcomes in the context of the facts surrounding your particular circumstances. The information in this document was developed with reasonable care and attention. However, it is possible that some of the information is incomplete, incorrect, or inapplicable to particular circumstances or conditions. NEITHER HUNTINGTON NOR ITS AFFILIATES SHALL HAVE LIABILITY FOR ANY DAMAGES, LOSSES, COSTS OR EXPENSES (DIRECT, CONSEQUENTIAL, SPECIAL, INDIRECT OR OTHERWISE) RESULTING FROM USING, RELYING ON OR ACTING UPON INFORMATION IN THIS DOCUMENT EVEN IF HUNTINGTON AND/OR ITS AFFILIATES HAVE BEEN ADVISED OF OR FORESEEN THE POSSIBILITY OF SUCH DAMAGES, LOSSES, COSTS OR EXPENSES.

Third-party product, service and business names are trademarks/service marks of their respective owners.