Skip links

10 Ways To Pay For College With No Money In 2022

If you don’t have this much set aside for college, it may seem impossible to cover the cost.

Don’t worry there are some alternatives available to assist.

Here are 10 ways to pay for college with no money:

1. Identify Tuition-Free or Nearly Tuition-Free Colleges
2. Consider Scholarship to Reduce Overall Expenses
3. Apply for Financial Aid and Grants
4. Get a Better Deal With the University by Negotiating
5. Get a Job That Combines Work and School
6. Collect Anything you Can and Store It for Future Use
7. Cut The Unnecessary Expenses
8. Have Your Employer Pay for Your Educational Debt
9. Take Out a Private Loan If Possible
10. Raise Funds From Friends And Loved Ones

1. Identify Tuition-Free or Nearly Tuition-Free Colleges

When it comes to selecting a college, prioritize affordability.

You can look for schools by the amount of financial aid you require using the College Board.

Check in with the financial aid department about your top choices if you want to learn how to attend college for free.

Some famous institutions provide free education.

If you can’t discover a 4-year school that’s both economically and academically appealing, consider waiting 2 years before making a selection.

If you want to go back to school, a community college is a smart choice because it would give you more time to discover the best institution.

You’ll also save money throughout the process.

According to the College Board, the average tuition and fees for a public two-year institution are $3,730 per year.

The average cost of attendance for in-state students at a public 4-year institution would be $10,440.

Furthermore, if you choose an out-of-state or private institution, the tuition will most certainly increase.

Choose a University That Rewards You

You might be paid to focus your studies on a certain subject at some institutions.

The Webb Institute and the Curtis Institute of Music, for example, offer a limited number of academic programs with scholarships available to all students.

However, before you decide to enroll in this training, it’s critical to consider things carefully.

You may also like: How Can I Refinance My Student Loans (+Top-Rated Lenders)

2. Consider Scholarship to Reduce Overall Expenses

When it comes to funding a college education, scholarships are an excellent way to start because they don’t have to be repaid.

There are numerous scholarships available for almost every sort of student.

What Is the Best Method for Obtaining a Full-Ride Scholarship?

Depending on who is offering it, the requirements for obtaining a full-ride grant will vary.

However, there are numerous requirements that most of these scholarships examine:

  • Interests and skills.
  • Write an essay on your activities and objectives for the future that illustrates your interests and goals.
  • a letter of reference from a teacher, manager, or other mentors.
  • Test scores.
  • Class or grades ranking.

You could get scholarships from local and national companies, NGOs, and possibly even your school.

A scholarship may be granted for a variety of reasons, including merit, athletic achievement, demonstrating financial need, joining a certain program, or other criteria.

Many scholarships will demand an application, which might include essays among other things.

Hint: There are scholarships for any subject you can imagine.

There are no limits to the number of scholarships you may receive, so apply for as many as possible.

Student loans might be able to assist you if you qualify for scholarships but don’t have enough money to cover your entire schooling cost.

However, bear in mind how much student loans will cost you in the future so that you may budget for them.

You may also like: Can Student Loan Debt Be Discharged By Declaring Bankruptcy?

3. Apply for Financial Aid and Grants

Applying for federal financial aid and college scholarships should be the next step if you’ve exhausted your scholarship search.

Grants do not have to be repaid, much like scholarships.

Your total financial aid and awards may equal the full cost of attendance if you attend a school that costs less.

What Kinds of Grants Are There?

There are a variety of federal grants available to college students.

For example, if you’re a college student with financial needs, you might be eligible for a Pell Grant.

For the 2020-21 academic year, the Pell Grant maximum is $6,345.

You will need to fill out the Free Application for Federal Student Aid (FAFSA) to apply for federal aid and find out your eligibility.

The Expected Family Contribution (EFC) is the amount your family is anticipated to contribute towards your education expenses calculated from your FAFSA data.

The aid you qualify for will be determined by your EFC, year in school, enrollment status, dependency status, and the cost of education at your chosen institution.

After you’ve filled out the FAFSA, your school will send you a financial aid award letter.

You can also choose which assistance you want to take advantage of, such as scholarships and grants.

4. Get a Better Deal With the University by Negotiating

If you don’t receive enough financial assistance to pay for your education expenses, you might be able to bargain with your institution for more.

Your school may be willing to increase your financial aid if you meet certain criteria, such as having unique experiences or higher financial aid offers from other colleges.

How Much Should I Request?

The cost of attending will be influenced by your financial aid package as well as the cost of education at your institute.

When you’re looking for a good locksmith, be sure to do your homework and ask for a reasonable price.

This will also be determined by the amount of aid money your school has.

Some schools have raised $120,000 for students, while others may not be able to do so.

It’s always worth asking for more financial aid if your institution isn’t willing or able to do so. In the end, the worst they can say is no.

You may also like: 10 Things To Know About Student Loans Before Going To School In 2022

5. Get a Job That Combines Work and School

Work-Study is a form of financial assistance offered by the federal government to students who work part-time while enrolled in school.

You may be eligible for a work-study position if you’re a part-time or full-time undergraduate, graduate, or professional student with financial needs.

To apply, you’ll need to fill out the FAFSA.

Bear in mind,that a work-study position may not pay much, every dollar helps to fund your education.

Work-study employment pays at least the federal minimum wage, but some institutions may provide more.

Student loans might be able to help you fill any remaining financial gaps if a work-study job does not fully cover your expenses.

Federal student loans, on the other hand, are typically a safe bet.

However, if you need extra money, you might want to consider taking out private student loans.

When you borrow money privately as a student, be sure to shop around and compare numerous lenders to ensure that you get the best loan for your needs.

You may also like: Are Student Loan Interest Rates Fixed or Not

6. Collect Anything you Can and Store It for Future Use

It’s never too late to start building a savings account for college expenses if you don’t have one already.

It is quite simple to start a bank account. Depending on your bank, you may have to contribute as little as $1 to open an account.

Begin by adding a little bit of money to your account each week.

If you have a job, set aside a portion of your pay.

If you don’t earn money, consider starting a side business.

Don’t worry about saving every cent of your future education expenses. It’s more vital to get started.

Put aside as much money as possible without sacrificing essentials such as food and rent.

Even if your savings are modest, they may one day help you pay for additional academic fees like books and supplies.

Remember to deposit all of your earnings into your new or enhanced bank account.

7. Cut The Unnecessary Expenses

There are several additional costs you may face while studying, such as housing, transportation, food, and other items.

However, there are methods to minimize or even avoid these expenses.

According to The College Board, the average cost of on-campus housing for four-year public institutions was $11,510 in 2019. For four-year private schools, it was $12,990.

If you can reside at home, you may save thousands of dollars on your living expenses.

If you can’t go to school immediately, consider attending a community college first.

You may save money on your total cost of attendance by doing so.

Keep in mind that if you live at home or outside the university, you may have to pay for transport and other charges.

8. Have Your Employer Pay for Your Educational Debt

Google and Hulu are just a few of the prominent firms that will cover an employee’s college tuition in the form of tuition reimbursement.

If you’re offered a job, ask your employer if they’ll reimburse or cover the costs up to a certain amount to help pay for part of your overall college expenses.

For both employees and employers, up to $5,250 in tuition reimbursement each year is tax-free.

You may also like: How Long Does It Take To Get A Student Loan

9. Take Out a Private Loan

If you’ve exhausted all of your scholarship, grant, and federal student loan alternatives, private college loans might be a viable alternative if you need more money.

Private student loans may be used for a variety of costs, such as tuition, textbooks, housing, and other expenses.

Unlike most federal student loans, private student loans necessitate a credit check to qualify for one.

If you don’t qualify on your own, adding a creditworthy student loan cosigner to your application may be beneficial.

A co-signer is usually required for most private student loans.

To check your rate, visit Ascent and apply for a loan. This is the ideal private student loan provider for those who require money to pay their college bills but do not want to be pushed into a particular decision.

Fixed APR: 3.97-11.89%. Variable APR: 1.47% To 9.05%. Min. Credit Score: 540


Financeive Rate
Interest Rates
Loan Amounts
Customer Experience
Approval Rate

Having a cosigner to qualify for a private student loan might lower your student loan interest rate than if you applied for one on your own.

10. Raise Funds From Friends And Loved Ones

While you may not be able to pay for a school yourself, others in your family or social groups might be able to help you finish your education.

Grandparents, aunts, and uncles, brothers and sisters, even close family friends may be prepared to contribute to your tuition or give you a place to stay while you study. 

It’s fine to seek assistance from family and friends. It doesn’t hurt to try, especially if it means being able to pay for school or not being able to go.

Hint: When you make your request, be ready with an explanation of why you wish to go to school, what degree or program you’ll pursue, and what you want to accomplish with your education.

You may also like: Are Student Loans Worth It?

Is President Biden Planning to Make College Free for Everyone?

The Biden administration has stated that making community college entirely free for all Americans is a top priority.

During his presidential campaign, the president made it a major topic, and it was included in his initial plan for the American Families Plan.

Unfortunately, the president was unable to include the measure in his spending plan owing to some moderate Democratic senators’ resistance.

While he pledged in a town hall session shortly afterward that free community college would be available in the next few years, it’s uncertain what the road toward tuition-free community college would look like, especially if Congress shifts back to Republican control.

Frequently Asked Questions