Attending college is becoming more and more expensive. Students and their parents are often facing the stress of figuring out how they will pay for tuition. Further, tuition is only a piece of that puzzle. Students also need money for textbooks, supplies for their classes, and on-campus housing.
For those without unlimited resources, obtaining a student loan can be a smart choice to help you cover the cost of higher education. Gulf Shores Banking Rates is committed to helping you find the lowest student loan rates available, which make a huge difference when you examine the overall cost of attending college in Alabama. Try attending community college for the first two years and save on your college student loan.
One semester of full-time tuition (12 units) at Faulkner State Community College costs $1,284 according to the school’s 2010 fee schedule. Additional fees total about $200, and a student chooses to live on campus instead of at home, it costs an additional $4,800 per year.
Compare that to the University of Alabama. They report tuition for a Spring 2010 semester as $7,000. On top of that, books and course materials average over $1,000, other expenses about $3,000, and if you want the experience on living on campus, that will cost you nearly another $8,000 per year.
Keep in mind, this data applies to only one year when attaining a Bachelors degree usually takes four. Having to borrow less money means smaller student loans. Obtaining a student loan with a low interest rate will insure that you won’t be bogged down with outrageous student loan payments after you graduate.
