5 Alternatives to Student Loans You Never Considered

Introduction

Student loans have become the norm for many students who need to pay for a college education. However, paying off loans can be overwhelming, and some students end up in debt for years after they graduate. If you're tired of dealing with student loan debt, consider these alternative ways to pay for your education.

Tuition Assistance

Tuition assistance programs are available through many employers. Some companies offer to pay for part or all of their employees' tuition as an employee benefit. Check with your employer to see if this is an option for you. You may also want to research tuition assistance programs offered by industry associations and unions.

Scholarships

Scholarships are a great way to pay for education without taking out loans. Many scholarships are available to students in a variety of fields, and you don't have to pay them back. Some scholarships are available to students who have a high GPA or who are involved in extracurricular activities. Others are available to students who are members of underrepresented groups or who have financial need.

Fellowships

Fellowships are similar to scholarships, but they typically involve a research or teaching component. Many fellowships are available to graduate students who are pursuing advanced degrees in a particular field. Some fellowships are also available to undergraduate students. Check with your school's financial aid office to see what fellowships are available to you.

Grants

Grants are another type of financial aid that doesn't have to be repaid. Many grants are available to students who have financial need, and some are available to students who are pursuing certain fields of study. Some grants are also available to students who are willing to work in a particular field after they graduate.