Sunday, March 28, 2010

Alternative Ways to Cut College Costs #3

How about getting credit for service? The following are some organizations to consider: Americorps, Peace Corps (I had first hand experience and recommend this highly), and Teach for America. These all offer educational service awards to students seeking cash and a way to make a difference in the world. The best part? Unlike other scholarships and grants, these service awards won't affect your federal financial aid eligibility. Organizations including the National Health Service Corps, the Army National Guard and the National Institutes of Health all sponsor loan forgiveness programs that turn borrowed cash into free dough in exchange for post-graduate service.

The Coast Guard is also worth looking into if you want to get your education while training. I was really impressed with all of the benefits on this one.

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