2. Employer tuition assistance
Many organizations will fund your degree and certifications because investing in employees offers a direct benefit to employers.
Known as tuition assistance or tuition reimbursement, certain employers will contribute toward the cost of higher education for eligible employees.
Programs vary with the fine print. Some reimburse employees up to a certain amount. Other programs are contingent upon grades. But if you can take advantage of it, it’s a good deal. I’d happily take a free education in exchange for working.
3. Corporate scholarships
Each year at my organization, we offer scholarships to the children of two or three employees. The recipients can either be entering college or already attending college, but they win a financial award for writing an essay.
I’ve seen these scholarships be worth anywhere from $1,000 to $20,000 annually, which can make a big impact on academic expenses.
You don’t necessarily have to be in high school to earn corporate scholarships either. A range of options is available to an equally diverse range of students; you just have to tap your network and do a little research.
4. Transfer credits from community college
In this day and age, you don’t need an Ivy League degree to meet your professional goals. You do, however, often need an education from an accredited and reputable school. One way to gain that college degree is to start small: Attending a community college is an affordable way to earn college credits or an associate degree that you can then transfer to a university and apply toward a bachelor’s degree.
University of Phoenix (UOPX) works closely with community colleges through its 3+1 transfer pathway. This program empowers students to complete their associate degrees at a community college and then transfer to UOPX and complete a bachelor’s degree in as little as a year.
If you’re not utilizing a program like that, it’s important to note that credits aren’t always guaranteed to transfer. Be sure to have that discussion with your enrollment representative or academic counselor before you sign up for class at a community college.
If your credits do transfer as planned, then you can save significantly on your bachelor’s degree. That is an excellent return on investment.