Community College Loans

The burden of financing your community college education can be eased slightly by the various Grants that are offered by the Federal Government. Unlike loans, grants do not have to be repaid once you have completed your community college education. Grant money is, essentially, free money. It can be used to cover tuition costs, books, and other school-related expenses. Navigating through the federal Grant world can be time-consuming, but it is well worth it as an investment in your education and your future.

The federal government gives Federal Pell Grants as a gift to those students who qualify based on need. The amount of the Federal Pell Grant varies from student to student and depends partially on the cost of tuition. Many students will also be happy to learn that eligibility for the Federal Pell Grant does not depend on your GPA or any other achievements. It does, however, depend on these other factors:

• Recipients must have a US Citizenship
• Male recipients must show proof of their Selective Service registration
• Recipients must have their high school diploma or a GED
• Recipients must be enrolled in any undergraduate school
• Recipients may only be awarded one Pell Grant in any year (Schweitzer 2007 - 1).

The financial aid office of your community college is likely to administer certain aid programs, all aimed at reducing the financial burden on students. In addition, most states also have a need-based grant program that is administered through the local colleges. Your local community college may also have certain

Embarking on a journey of higher education can be exciting, confusing, and stressful all at the same time. To help with the financial aspect of education, current and prospective community college students are in a unique position to choose from various forms of student aid available. As you navigate your way through the myriad of financing options out there, let this overview help you in making the right decisions about financing your education.

While the average college tuition rates are rising fast across the country, you may be pleased to learn that the average cost of tuition at a community college is just under $2,300 per year (American Association of Community Colleges 2007). Although this cost is relatively low when compared to 4-year institutions, many students still find themselves looking for ways to finance their community college education. Unfortunately, it is also a fact that most parents are either unwilling or unable, for various financial or personal reasons, to finance all of the costs of sending their child to a community college.

This video offers tips on how to pay for a college education.

You may be surprised to learn that there are over 1,200 community colleges across the country. In fact, 11.6 million students, just under half of all U.S. undergraduates, attend community colleges. Of those students, 47% receive some sort of financial aid (American Association of Community Colleges 2007).

The federal government alone

Many things factor in one’s selection process when choosing a community college. After briefly introducing you to these factors, we will discuss each factor in detail in turn. Here are some of the selection criteria that students consider when investigating community colleges:

• Why are you going to school?
• If you plan to continue with a four-year degree, what type of articulation agreements does the community college have with four-year colleges?
• What type of coursework do you need?
• Is cost an issue?
• Do you want or need a virtual campus?
• Do you have a four-year college in mind?
• Location, Location, Location!
• On-Campus Activities
• Student Support

Let’s look at each of these factors in detail now that we have introduced them to you.

Most people attending a four-year college go with the sole target of getting a four-year bachelor’s degree to help prepare them for their professional careers. But with community colleges, students attend for different purposes. Many students attend to get a two-year degree. There are, however, other end goals for students including transferring to a four-year college, getting a high school diploma, remedial education including “English as a Second language, personal growth, professional certification, or workplace required continuing education.” While nationwide statistics were not available, numbers are available by looking at records that BellevueCommunity College in Bellevue, Washington, collected from 2002 to 2004 on the purposes that their students reported for their enrollment intent. The following statistics are from their Fall 2004 student population (the statistics do not total 100% probably due to rounding down

What is a Community College?

A community college is a public institution of higher education that primarily offers two-year programs leading to associate's degrees, as well as vocational training, transfer programs to four-year universities, adult education, and community-focused services. These colleges typically have open admission policies and lower tuition costs, making higher education more accessible to a diverse range of students.

Canva generated this picture of a community college administrative/classroom building.

The History of Community Colleges

Historically, community colleges sprang up in the early 20th century as a way to meet the needs of young adults who did not or could not afford to leave their families to pursue further education. Early on, many community colleges helped support African Americans and women who wanted to go to college. Many students prepared for grammar school teaching positions or enrolled in new vocational education programs in community colleges. These smaller schools were developed locally, in communities, further distinguishing them from typical four-year schools with campuses where students needed to leave home and stay in student dorms. Traditionally, the community college student went to school to pick up a two-year degree. It is common for community college students to continue their education within a four-year college, thus transferring their community college credits.

Community colleges continue to play a vital role in providing accessible and affordable higher education. However, their mission has expanded to encompass a broader range of educational and workforce development