Attending a community college before transferring to a four-year institution can be a smart financial decision. The lower tuition fees, reduced living expenses, financial aid opportunities, and the ability to work all contribute to significant cost savings. By starting at a community college, students can achieve their educational goals without the heavy financial burden often associated with higher education.
See how others save big:
Theresa Akyaaa
Received $7,000 each year thanks to the Potomac Health Foundation Fellows program.
Ismenia Juarez
Husband’s military benefits helped fund her college experience.
Sydney Patton
Received G3 funding, also received the Jeffery L. Ross Memorial Endowed Scholarship.
Laura Price
Received the Commonwealth Award, a Pell grant, and G3 tuition assistance.
When it comes to attending a 4-year college or university, the financial aspect can seem daunting. However, starting your educational journey at a community college, such as Laurel Ridge, before transferring to a four-year institution can be a financial game-changer. Here’s how you can potentially save big:
1. Lower Tuition Fees
One of the most empowering reasons to begin at a community college is the significantly lower tuition fees. Community colleges offer an affordable pathway to complete your general education requirements. In Virginia, the average annual price of attending a four-year institution is $25,587, while at Laurel Ridge, it’s just $4,133. That’s $21,455 in savings! You will see a substantial savings if you attend your first two years of college with us. Interested in going the non-credit route? Community colleges provide credential and short-term programs that can quickly launch your career.
By attending Laurel Ridge, you will save the following amount for one year of tuition and fees:
- Shenandoah University: $32,798
- Liberty University: $20,468
- George Mason: $10,098
- James Madison University: $9,444
- University of Virginia: $15,302
- Virginia Tech: $11,816
- Virginia Commonwealth University: $12,588
2. Financial Aid, Scholarships, and More Funding Opportunities
Community colleges often provide robust financial aid packages, including scholarships and grants, which further reduce the cost of attending college, making higher education more accessible and affordable. At Laurel Ridge, with just one 10-minute application, students are automatically considered for up to 200 scholarships. Laurel Ridge awards, on average, $8 million in grants, loans, work-study and scholarships to students each year. The Virginia Community College System has various funding programs to help students with tuition, such as G3 Tuition Assistance, that covers any remaining program costs after all scholarships and financial aid have been applied for eligible students. At Laurel Ridge, our Office of Financial Aid is dedicated to supporting you and securing the best funding opportunities.
3. Reduced Living Expenses
According to the Education Data Initiative, the average annual cost of room and board at public institutions is $12,639. Many students have the option to live at home while attending a community college or off campus with roommates, saving thousands of dollars in room and board costs. This is especially beneficial when some institutions require students to live on campus for their first year. This reduction in living expenses can make a significant difference in the overall cost of education.
4. Lower Student Loan Debt
The Education Data Initiative states the federal government loans approximately $82 billion a year to college students. Students can minimize the amount they need to borrow by spending their first two years at a community college. This results in lower student loan debt upon graduation, providing a more financially stable start to post-college life. Starting your college journey at Laurel Ridge and then transferring to a four-year institution after earning your associate degree can save you more than $48,000.
5. Work-study Opportunities
The flexible scheduling at community colleges allows many students the opportunity to work while earning an education. This enables them to earn money and offset their educational expenses, further reducing the financial burden. It also provides valuable learning experiences before they leave Laurel Ridge. In addition to offsetting costs, students can gain vital skills that they can apply to future careers. Explore how a student can get involved in a work-study program at Laurel Ridge.
Conclusion
If you’re considering your options for college, take a closer look at the benefits of starting at a community college. It might just be the best financial decision you make for your future. At Laurel Ridge, we’re excited to help you succeed! Learn more about getting started with one of our programs today!