Everything works out better if you have a well thought out plan, and follow it. Many college bound individuals are so excited about the thought of this next phase of their life that they don’t stop to consider the financial end of things.
By the way, — telling yourself that you’ll get a job and work your way through school was doable back in the 80′s but not today.
Here are some statistics regarding college education in Texas:
- For in-state residents, the average college tuition in Texas for a four year public college is about $13,764 a year. For out-of-state students, the cost is about $16,823 according to the National Center for Education Statistics.
- The National Center for Education Statistics also states that the average tuition for in-state students attending a private four year college in Texas is about $30,636.
- Only 27.4% of individuals between the ages of 25 and 34, living in Texas, have an associate’s degree or higher, according to the Greater Texas Foundation.
- The Foundation also states that only 27.5% of students seeking to complete their associate degree within three years will actually obtain it, and only 55.9% of individuals seeking to obtain their bachelor’s degree within six years will obtain it. The large percentages of students who do not earn their degree generally drop out of college.
- The Project of Student Debt found that 56% of Texas college student leave college with about $20,919 worth of debt.
So, how can you avoid graduating with over 20 thousand dollars of debt? Grants and scholarships.
Grant and Scholarship Opportunities in Texas
While some have strict guidelines for applying and qualifying, the beauty of grants is the fact that they don’t need to be paid back. This means you could attend college at little to no cost to you.
Here are just a few scholarships and grants available to students in Texas:
- Texas Grant Program - Texas residents who have either graduated from a Texas high school with a degree or graduated from a Texas associate’s degree program may qualify for the Texas Grant Program scholarship. This scholarship offers $7,100 each year to students attending state or public universities, $1,890 for students attending community colleges, and $3,540 for students attending technical colleges.
- Texas Equalization Grant - Both residents of Texas and non-residents who have earned National Merit status can obtain up to $3,518 per college year through this scholarship. Also, students with an expected family contribution that adds up to $1,000 or less can earn even more, up to $5,277.
- The Tall Texans of Dallas Scholarship - Are you tall? If you are a girl and at least 5’10’’ or a guy at least 6’2’’ and under the age of 21, you could qualify for the Tall Texans of Dallas scholarship. In order to qualify, students must live in the Dallas/Ft Worth area and plan to attend a Texas college in the fall.
- Hope Pierce Tartt Scholarship - Students can receive up to $5,000 a year from this scholarship. Applicants must be full-time students, in need of financial assistance, and have a ‘C’ average while attending high school. To receive this award each year, students must maintain a GPA average of 2.0 while attending a Texas university or college.
- Rebekah Assembly of Texas Irma Gesche Scholarship - Based on financial need, community service, academics, and personal growth and development, this scholarship provides students with an extra $1,000 for their college education.
- Texas Urban Scholarship - Undergraduate full-time students who are also residents of the great state of Texas can qualify for annual monetary awards from the Texas Urban Scholarship. Award amounts vary depending on the type of college the student is attending. Students enrolled in community college and technical colleges can obtain $700 a year, $1,000 for pubic four year colleges, and $2,000 for private four year colleges.
Make sure you are ready to pay for college, because while your choice of university and course of study are important, the first step is planning out your finances.
Scholarships and grants can help, so start the application process today!