The following tips can make it easier to return to college after a long hiatus, and can possibly help you graduate faster:
Don’t take on more than you can handle
It might be tempting to load up on courses in order to finish as quickly as possible, but this can be overwhelming and your grades may suffer as a result. Test the waters at first by just taking one or two classes and seeing how it goes, and how they fit into your schedule. After all, if it’s been a long time since you’ve been in college, it can be easy to forget just how much work a single class can be. After your first semester, you’ll have a better idea of just how much you can realistically handle. If you feel you can take on a lot more, go for it! Just make sure you’re completely ready first.
Look into different payment options
College is expensive, and attending later on might be easier if you’ve already got a full-time job or money saved up; at the same time, it can be difficult to pay for college expenses if you have other bills and financial responsibilities. If you can avoid student loans, you’ll be better off. Explore all of your different options first, such as financial aid and scholarships. Financial aid is free money that you don’t have to pay back, as long as you pass your courses. Financial aid can partially or fully fund your college education, and can cover the cost of tuition, supplies and textbooks, living expenses, and so on. Even if you don’t think you qualify, filling out a FAFSA is fast and easy, and is completely free to do. You’ve got nothing to lose by trying. Scholarship money is also money that you don’t have to pay back, and with all the different types out there, it doesn’t hurt to search to find one that you may want to apply for. And if you’re working, find out about the different employee benefits that are offered. Some companies offer tuition reimbursement to employees, so find out if yours does and if you’re eligible for such benefits.
If you’re receiving long-term payments from an annuity or structured settlement, you may be able to sell future payments and receive your money in one lump sum. A lump sum payment can make it easier to take care of a large expense, such as college. Depending on how many payments you have, the value of your payments, and how many payments you sell, you may even be able to completely pay for your college education by selling future payments. And when you work with Peachtree Financial Solutions, you can decide just how many payments you sell, and how much of your payment stream you choose to leave as is. While some of our customers decide to just sell all of their payments upfront, many of our customers decide to sell just a portion of their payment stream. The decision is yours, and if you do decide to sell just a portion of your payments, you always have the option to sell more later on. And as a repeat customer, because we will already have your information on file, you’ll likely be able to receive your money faster.
Are you ready to get started? Whether you have questions or just want to learn more about the process, we’re here to help. Contact Peachtree Financial Solutions today for more information and to receive your free quote!
Nothing above is meant to provide financial, tax, or legal advice. You should meet with appropriate professionals for such services.