A Step-By-Step Plan For Funding Your Online College Degree – FunFacts

A Step-By-Step Plan For Funding Your Online College Degree

Have you been wondering if it’s worth spending the time applying for scholarships?  The answer is definitely YES!  It does require some work and knowledge that we’ll cover in this article, but you can get thousands of dollars to pay for your online degree.

As you know, obtaining one of the many different online degrees is an excellent way to improve your skills in the workplace and move into a higher position in your career. Online degrees are flexible, designed for mature students, and often award you partial credits for prior work experience and education.

Going back to school, even if you are able to continue to work full or part-time is always a bit of financial stress.  However, through scholarships, grants, and loans you may find that obtaining a degree isn’t nearly the drag on your finances that you imagine. By following a systematic, step-by-step approach to exploring your funding options you may be able to get through an Associate, Bachelor, Master, or even Doctoral level online degree with very little out-of-pocket funding.

This series of articles on our website will provide detailed information on how to investigate your funding options for an online degree. Please follow the steps below and for sure you will have a very thorough and complete assessment of your options for funding your online degree program.

The steps are sequential and build on the previous accomplishement:
Step  1 – An Overview Of Grants, Loans, and Scholarships
Step  2 – Filling Out The FAFSA Application
Step 3 – Where To Find Grants And Scholarships
Step  4 – Merit And Needs-Based Scholarship Options
Step  5 – Winning Application Strategies
Step  6 – Tips For Application Essays
Step  7 – Tips For Letters of Recommendation
Step  8 – When To Consider No Interest And Private Loans
Step  9 – Avoiding Loan Scams
Step 10 – How To Plan Your Tuition Budget
Step 11 – Supplementing Grants, Loans, And Scholarships – What Is Realistic?

As you complete each step you will see a bigger picture emerging about your ability to pay for your online degree both in the short and long term. Remember that the homework assignments are an important part of the exercise and you will need to do some research and investigation on your own to determine the best options. Having some idea about what online degree program you wish to pursue as well as what school you are planning to attend will be helpful, but not required. In addition to funding your online degree, an equally important consideration is how much time you have to devote to your studies.  If you haven’t already, think about how much time you have to devote each week to studying. Also, be sure you discuss your plans with family members that may be affected by your studying. The first search result should have an overview of Grants, Loans and Scholarships and we’ll look at which options may be available for your particular field of study.

Action Steps:
1. Assess your current schedules and routines and determine how much free time you can routinely spend in study, online coursework, reading, and completing exams and assignments per week. Complete the worksheet on the following page to obtain an average of the time used during a typical week.

2. Completing this chart accurately will allow you to determine what course load you can reasonably take on as well as how much financial assistance you will require if you have to reduce your work time and income.

3. Write a list of the pros and cons of obtaining an online degree and talk to significant family members about your decision.

4. Review online information about the career choices you can make after obtaining your degree. A great place to start for general information, including salaries, is the Unites States Bureau of Labor, which can be accessed here.

Do NOT follow this link or you will be banned from the site!