Financing

With tuition rising at community colleges across the country, many prospective college students today are looking for the most affordable options in higher education. Fortunately, the U.S. Department of Education is ready to oblige the bargain hunters with a list of the most affordable community colleges in the U.S. Peruse the Department of Education’s list of deals to see if one of the schools is in your area.

The College of Affordability and Transparency Center

In an effort to bring affordability back to higher education, the Obama Administration has launched the College of Affordability and Transparency Center. This website offers a wealth of information about the cost of all types of higher education, with customized reports users can generate based on the information they wish to peruse. The center was created under the Higher Education Opportunity Act of 2008, according to U.S. News and World Report. U.S. Education Secretary Arne Duncan explains that the availability of information like this is critical for helping students find the most affordable solutions in a college education today.

“We want to arm students and parents with the information they need to make smart educational choices,” Duncan told U.S. News and World Report. “Students need to know up front how much college will actually cost them instead of waiting to find out when the first student loan bill arrives. These lists are a major step forward in unraveling the mystery of higher education pricing.”

In addition to

Community college has traditionally been seen as an affordable option to the four-year college or university, but rising tuition rates at community colleges across the country have made some prospective students fear that even these institutions are becoming too expensive. The good news is that there are many options for financing a college education, from work-study programs to Pell grants. Take a look at these 10 tips for making a community college degree a more affordable option once again.

Scholarships

Many students heading to community college do not realize that scholarships may be available. This type of financial aid is one of the most desirable because it does not have to be paid back once the degree is earned. Typically, scholarships are tied to specific skills or achievements, such as academics or sports. They are also available for particular areas of study, especially in fields in need of highly trained workers. Scholarships are also offered based on financial need, race or other factors attributed to the underserved student population.

According to FinAid, many free databases are available to direct students to specific scholarships for which they might qualify. In some cases, students complete a profile, and the directory will match the students to specific scholarships that complement their skill set or interests. Students are then notified which scholarships met their specifications so that they can pursue those opportunities.

Grants

Pell grants are equally attractive to scholarships because they do

The United States is facing a debt crisis of epic proportions, but it may not be in the area consumers would suspect. Huffington Post cites statistics from the Federal Reserve Bank of New York that show student debt has surpassed credit card debt in this country. It is no wonder the media is littered with reports of student debt defaults today. To make matters worse, the source of student debt is no longer community colleges and four-year public institutions. Instead, that debt goes directly to for-profit schools that charge students high tuition rates but deliver little in return.

The numbers are concerning, considering that community colleges – the schools President Obama has touted as the training grounds for our future workforce – are scrambling to make ends meet. As more people head to these public institutions hoping to get applicable training for recession-proof, lucrative careers, the schools are finding themselves without the necessary resources to teach everyone who wants to be educated. Services and programs have been cut, and waitlists for popular courses are becoming longer and longer. State and federal funding are slim at these schools today.

This video outlines financial aid for community college students.

For-Profits Enjoy Prosperity

This is not the case with for-profit colleges. Institutions like the University of Phoenix and ITT Technical Institute are enjoying significant prosperity these days as they take a

Community colleges nationwide have faced serious budget cuts that have forced them to make difficult decisions regarding the best ways to serve their students. In the case of Santa Monica College, a proposal to change the pricing structure of certain classes has been met with both applause and protest. Should community colleges be able to charge different prices for their more popular courses? Santa Monica is dealing with that issue right now.

Program Completion Delayed Due to Insufficient Course Offerings

According to a report at FOX News, Santa Monica College has been forced to reduce class offerings over the past three years due to significant California budget cuts that have left the school, like others around the country, scrambling to find enough resources to adequately meet student needs. Unfortunately, the practice of cutting classes has left many students in a serious bind. Students who were poised to complete degree programs or transfer to a four-year university have not been able to get the core classes they need to complete their requirements.

“Demand is huge across the board,” Bruce Smith, a spokesman for Santa Monica College, told FOX News. “The question is can we continue to keep cutting and cutting classes. It’s pretty devastating.”

This video from the Associated Press reports on how the board of trustees at Santa Monica College voted Friday to postpone a two-tiered fee scale that brought angry campus protests where students were pepper-sprayed.

The face of the community college student appears to be changing in more ways than one, as a slow economy and skyrocketing tuition rates at four-year schools have begun to take their toll. A recent study by student loan provider Sallie Mae found that more students from high-income families are moving to community college right out of high school, thanks to lower tuition costs and better career options. It also seems that the attitude toward community college education is improving as more students see this path as a viable option for a bright future.

The Changing Demographic

The report on the Sallie Mae website, “How America Pays for College 2011,” explains that in the past four years, many families across the country and from all income brackets have shifted from four-year institutions to two-year community colleges. This shift could be a factor in why middle- and high-income families have been able to reduce education costs and take less money from income and savings to pay the price for higher education.

The study found that during the 2009-2010 academic year, 12 percent of high-income families (families making $100,000 or more) sent students to two-year colleges. The following school year, that percentage went up to 22 percent. That increase correlates with a drop in four-year college enrollment during the same time frame, which shifted from 56 percent during the 2009-2010 school year to just 48 percent the following year. This group also reported