Completely revised with updated descriptions, contact information, websites, and available monies, this guide to financing higher education is the only resource students need to fund their pursuit of knowledge. Balancing detailed explanations with real-life examples and practical resources, the featured topics include finding and winning scholarships, requesting a reassessment from colleges for more financial aid, maximizing assistance from state and federal governments, taking advantage of educational tax breaks, and benefiting from government-subsidized student loans. Creative strategies—such as starting profitable dorm-room enterprises, trading tuition costs for volunteer service, and canceling debts with loan-repayment programs—help students find extra money when more traditional routes are exhausted. The provided tips are designed for students of all ages and levels as well as their parents.
This book is worth a library checkout, combined with a legal pad and a pen. Given the limitations of a printed or even digital book, this book is not going to list all the scholarships out there, but it will give you a broad idea about places to look. Unlike the previously read (and relatively unhelpful) ‘The Price You Pay for College,’ ‘1001 Ways’ details the many, many different ways families can make up the gap between ‘expected family contribution’ and the final bill.
As for the titular thousand and one ways, that’s technically accurate, but mostly those ‘ways’ are individual scholarship organizations or effectively numbered paragraphs—and some seem rather silly. (Number 819: ‘Pay your tuition with livestock.’ Sounds ridiculous, but apparently at Lindenwood University in Missouri you can do that—so hey, worth mentioning for those with an extra cow or two to spare.)
That said, I really don’t have a beef with this book. I came away with some really handy notes about sources to further investigate. And, as the authors point out, even if you don’t get the majority of scholarships you apply for, your attempts still can result in benefits of hundreds of dollars per hour of effort. Every little bit helps, right?
Beware: 1001 tips can be a little overwhelming. However, the details and resources provided on a wide range of financial topics are incredible. And beyond the basics, there are truly creative ideas for funding your college education. Be sure to check it out!
Worth a perusal for anyone thinking of college. It's probably best for parents of grade school children so they can start preparing early. The 1001 is a gimmick but there are plenty of actionable ideas in the book.