How To Pay $10,000 Or Less For College Without A Single Scholarship Or Grant

Finally, some common sense about how to pay a whole lot less for college. Ready for liberation? Right from my book.

“The first 2 years of a college education can cost a parent nothing. Here’s how it works: the student commutes to a local community college with tuition and books for about $3,500. Add from $500 to $1,000 in transportation expenses, and the total approximates $4,500 a year. The student takes out a Stafford Loan in the first year for as much as $5,500, which the student pays back, not the parent. Plus, a summer job for 15 weeks, with a take-home pay of only $150, generates $2,250. So, $4,500 minus the Stafford’s $3,500 + the student’s $2,250 = $0 out of the parent’s pocket.

“In the second year, the student qualifies for more money with a Stafford Loan: up to $6,500. It’s another year free of costs for mom and dad. Are you feeling the liberation? You’re free of the high costs of college which your friends will pay because they didn’t follow the advice you’re reading now.  

“With a game plan to get a degree from a 4-year college, the first 2 years are free to the parents, and the student can qualify for Stafford loans as a transfer student in the junior and senior years of a state school for a much as $7,500 each year. That’s another $15,000 parents don’t have to pay toward a 4-year degree. In other words, your child can get a 4-year degree from a state school at half the price of other schools, or less. Could this be planet earth’s easiest no-brainer? It gets better.

“Here’s the math for a parent’s out-of-pocket costs:
•  1st yr of community college: $0 (Stafford pays up to $5,500 and the  student’s earnings make up for the smaller balance, if any)
•  2nd yr of community college: $0 (Stafford pays up to $6,500 and the student’s earnings make up for a smaller balance, if any)
•  3rd yr of 4-year state school in the Northeast (most expensive schools): $17,000 (includes room & board) minus a Stafford Loan of $7,500 = $9,500 out-of-pocket; the parent pays little or nothing if the student is commuting.
•  4th yr of 4-year state school in the Northeast: see year 3.

“Stafford loans in the 1st year can amount to $5,500, and in the 2nd year, $6,500. With a very little income-paying job, your student can easily pay the first 2 years of college; it may not even be necessary! Fast-forward to your total out-of-pocket expenditure for a 4-year state school degree as a campus resident: from $10,000 to $21,000. If your student is commuting in the 3rd and 4th years, the range in costs could be from $5,000 to $10,000.

“But here’s the mind-blowing secret that allows a parent to pay nothing in the last 2 years: after reading section, Save $42,000 Per Child, you’ll connect the dots and discover that you can pay absolutely nothing for your student’s 4-year degree. This is the best kept secret about paying for college, revealed for the first time – right here! Now you don’t have to read Ben Kaplan’s How To Go To College Almost For Free, because he says, “Almost.” 

“This secret comes with 2 bonuses: (1) in 2 years, you can graduate with an Associates degree with at least a 2.5 GPA and you’re automatically admitted to an in-state 4-year state school as a junior. States such as Florida, Massachusetts and Wisconsin offer such a program; and (2) proudly you can claim you worked your way through college, made the daily sacrifices that struggling parents make, and demonstrated a maturity, a work ethic, and an achievement that no Ivy League graduates can put on their resumes.       

“Admissions directors of high-profile 4-year colleges hold a near universal opinion of two-year colleges. “Community colleges,” says an admissions dean at a Connecticut university, “do a fine job of preparing students to go on to higher education.” Instead of being a last resort to higher education, they’re effective gateways to higher-level degrees.”


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One Response to “How To Pay $10,000 Or Less For College Without A Single Scholarship Or Grant”

  1. Paul Hemphill Says:

    Go to these websites: and

    The O*NET system serves as the nation’s primary source of occupational information, providing comprehensive information on key attributes and characteristics of workers and occupations.

    Hope this helps.

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