Strategic college education can save big money:
Bottom Line: For years the concerns regarding a college education have been the same. The cost of the education and the student loans in the wake of that education. Often students will look at an either or type of consideration with education and costs. It doesn't have to be that way...There are ways to become strategic and save substantial money along the way.
The folks at credit.com demonstrated that for students who go to a community college for their first two years of college and then transfer to a college for the final two years of a full four year degree - save an average of $11,377.
According to Student Loan Hero community college is an average of 60% cheaper as compared to a university. The key to being strategic is to ensure that you pick a community college that has full transfer credit for the program to the school of your choice for your final two years. I'm reminded of a story my dad shared with me about one of his college buddies. He was accepted to Harvard and wanted a Harvard degree but without the full cost. He ID'd (this would have been over 50 year ago) that the University of Arkansas was a school that was super affordable and would allow full transfer credit to Harvard for his preferred major. He went to Arkansas for three years - transferring to Harvard as a senior. All anyone knew was that he graduated with a Harvard degree. Harvard doesn't allow that type of transfer to occur any longer but you get the idea. There may be many way to slice the onion that could save a lot of money along the way.