What it will cost
Paying for college is a big consideration, and the average cost of annual tuition and fees at four-year institutions in the 2018-2019 school year was $35,676 at private colleges, $9,716 for state residents at public colleges and $21,629 for out-of-state students at state schools, according to U.S. News data. As the national student debt tops $1.5 trillion, the rising cost of tuition can lead to significant student loans. In contrast, community colleges charge about $3,660 on average per year for in-state students, according to the 2018 Trends in College Pricing report released by the College Board. According to the report, many states are adopting free community college programs like the Tennessee Promise program, which provides funding for students to fill the gap between Pell Grants and other grant aid for high school graduates who meet certain requirements.
How to get Financial Aid
Financial aid isn't only for four-year college students – community college students are eligible as well. Federal student loans require students to be enrolled half time – about six credit hours, or two courses. Students just need to make sure they don't drop out of classes or they'll risk losing their aid award.
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