School Expenses

How do you cover trade school tuition?

Money, money, money. It's what makes the world go round and as a student you need money to get in the door to college or university or career school. When you've made the decision to go to school, you might feel slightly overwhelmed. It's true that going to career school or other post-secondary education opens up a lot of doors, and that you can learn a lot for future careers. But most students who have gone to school will tell you that the biggest issue about getting a higher education was the expense, the student loans, and the fact they had to work hard in order to get what they wanted.

School is expensive. Career school tuition alone can cost anywhere from $1500-$10,000 a year, depending on where you go to school or whether you do it online. Then, there are books, which can cost an extra $500-$1000. Add that to finding a place to live (if you're not going to a school in your area) and transportation, and it can add up. Most people don't have all the money needed to go to school, and it can seem like a big job to try to work and get an education at the same time. Luckily, there are options. You can:

• Save up a lot of money before you go to school and then budget carefully. A lot of people will take a year off of school and work, or create a savings account just for school. If this is feasible, you can graduate school with no debt. Also, you can work a part-time job through school, if you feel you can handle it, to deal with expenses.

• Look into grants or scholarships. Many times, you can get government grants or student loans by writing an essay or fitting into the requirements. If you're in a minority or you're a woman, you're eligible for a lot of different bursaries and grants that can help you get through school. Also, certain programs may have certain scholarships that you can apply for.

• You can consider taking out a line of credit or a student loan. Lines of credit are loans that the bank or another financial institution gives you for a specific use – in this case, school. You are either given a credit card or given access to the credit (like an overdraft on your bank account) and you can use as much or as little as you want, up to the limit. You will be charged interest through the loan, and then you'll pay it off afterwards. Student loans work slightly differently – you're given the money all at once and then charged interest after you leave school.

• See a financial counselor at your school to discuss your options.

School doesn't have to be unattainable. With help and planning, you can get through school with as little financial strife as possible.