A college degree can open many doors. Understand the costs involved and create a plan to make it happen!
Many see earning a college degree as a steppingstone to the American dream. Though a higher education comes with the potential for higher income, first you have to tackle the challenge of paying for it. Calculate the amount you will need based on the school and learn different approaches to pay for your degree.
According to recent studies, the total cost of a 4-year degree from a public university is approximately $100,000. This amount includes tuition, room and board, books, food, transportation, and fees.
A DoD program to further your education while you’re serving. It typically pays up to $4,500 per year for eligible coursework.
GI Bill benefits, which are often used after leaving the military, provide money to pay for college. When a person is fully eligible, both the Post-9/11 GI Bill and the Montgomery GI Bill can pay for up to 36 months’ worth of tuition.
The Post-9/11 GI Bill benefits can even be transferred to your spouse or children under certain conditions. Learn more about GI Bill benefits.
The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 (10 years) qualifying monthly payments under a qualifying repayment plan, while working full-time for an approved employer like the military.