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College Finance 5 Colleges You Can Go To For Free

Avoid student debt with free tuition
It's all too easy to be a victim of student debt. According to the College oard!
the average "rice of tuition! fees! room and board for an in#state student at a
"ublic college or university is $%&!'() for the *)%*#%+ school year.
For out#of#state students! average costs ,um" to $+)!-%% .hile "rivate non"rofit
colleges charged $+-!5%' on average for a single year of education. /ith
stic0er "rices s0yroc0eting! it's no shoc0 that student debt levels and loan
default rates are u".
The good ne.s is that you don't have to be a victim. These tuition#free or
tuition#reduced schools are easy on the .allet and high on value.
*The Cooper Union
Location: 1e. Yor0 City
Tuition price: Free tuition for all students. 2tudents do have to "ay for
housing! lab fees and a $&&5 student fee "er semester.
Value: $+'!55) "er year
How they do it: The Coo"er 3nion eliminates nonessential student amenities
and is funded "artly through real estate income. 2tudents don't have an on#
cam"us gym or student activities building! but the school does o.n myriad real
estate investments! including the Chrysler uilding! a "ro"erty that generates
more than $& million in rent each year. The school's a""ro4imately $()) million
endo.ment hel"s cover the rest.
*The Cooper Union recently changed its policy and will begin charging tuition to freshmen starting in fall 2014.
College of the Oar!s
Location: 5oint 6oo0out! 7o.
Tuition price: Free! not including room and board
Value: $%&!-)) "er year
How they do it: College of the 89ar0s "uts students to .or0. To reduce the
cost of hiring outside labor! the College of the 89ar0s re:uires all students to
.or0 %5 hours "er .ee0 on cam"us and t.o ;)#hour .or0 .ee0s during the
school year in "ositions ranging from landsca"ing to administrative ,obs. Any
grant or scholarshi" money students receive through other sources is also
a""lied to tuition costs! and all remaining tuition is covered by the school's
COLL"#"
5 colleges you can go to for free
y Christina Couch < an0rate.com
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more than $+5) million endo.ment. 2tudents may cover the cost of room and
board out of "oc0et or .or0 it off through the 2ummer /or0 5rogram.
Others li!e it: The other four#year .or0 colleges in the 3.2. ## =ee" 2"rings College! Alice 6loyd College! erea College!
lac0burn College! 2terling College! >cclesia College and /arren /ilson College ## have similar business models! though Alice
6loyd College and erea College are the only others that offer totally free tuition. =ee" 2"rings College in Inyo County! Calif.!
also offers free tuition as the country's only t.o#year .or0 college.
United $tates Coast #uard Acade%y
Location: 1e. 6ondon! Conn.
Tuition price: Free
Value: $-'!*)) "er year
How they do it: The Coast Guard Academy is funded through the government.
Others li!e it: The Coast Guard Academy! along .ith the four other federally
funded service institutions ## The 3.2. 1aval Academy! the 7erchant 7arine
Academy! the Air Force Academy and the 7ilitary Academy ## all "rovide free
tuition! though some re:uire students to "ay certain fees. After graduation!
Coast Guard grads are re:uired to serve for at least five years. 2ervice
re:uirements at other academies range from five to eight years .
&ebb 'nstitute
Location: Glen Cove! 1.Y.
Tuition price: Tuition is free for all admitted 3.2. citi9ens and green card
holders. This does not include room and board.
Value: $;%!5)) "er year
How they do it: The /ebb Institute finds much of its funding through
endo.ments! but it also saves money by only offering a fe. select ma,ors. At
this engineering college! all students double ma,or in naval architecture and
marine engineering and all ta0e on a ?.inter .or0? internshi" every year that
"rovides them .ith real#.orld e4"erience in the maritime industry. The result is
an e4tremely focused education that lands ,obs for %)) "ercent of /ebb's
graduating class.
Others li!e it: The /ebb Institute isn't the only school that saves money by limiting its academic offerings. Curtis Institute of
7usic in 5hiladel"hia and arclay College in @aviland! Aan.! both "rovide full#time students .ith a scholarshi" for all four years.
Fran0lin /. 8lin College of >ngineering in 1eedham! 7ass.! "rovides half#tuition scholarshi"s for all students.
(acaulay Honors College
Location: 1e. Yor0 City
Tuition: It's free for in#state residents. All 7acaulay enrollees also receive a
la"to" and $&!5)) in ?o""ortunity funds? that can be used for research "ro,ects!
study abroad "rograms! internshi"s and service initiatives.
Value: $5!;+) "er year for in#state students
How they do it: 6imited to the creme de la creme of students! 7acaulay
@onors College is "art of a much broader City 3niversity of 1e. Yor0 college
net.or0. 2tudents here not only receive financial hel" .ith their studies! they
also get the o""ortunity to enroll in classes on any of C31Y's *+ institutions
throughout the ig A""le.
Others li!e it: 7any schools .aive tuition or "rovide full#ride scholarshi"s for to" academic "erformers! though eligibility
re:uirements vary bet.een institutions. =allas a"tist 3niversity! for instance! offers full scholarshi"s for national merit finalists
.ho "ass certain re:uirementsB 2outh.estern 3niversity in Georgeto.n! Te4as! doles out free rides to students in the to" 5
"ercent of their class .ho "ass a "ersonal intervie. and score at least %;)) on the critical reading and math sections of the
2ATs or +% on the ACTs. /eatherford College in /eatherford! Te4as! also grants a one#year full#tuition scholarshi" to
valedictorians from accredited Te4as high schools.
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(ore On College Tuition:
Find a student loan rate
est ;#year college deals
/here are your tuition dollars goingF
2trategies to minimi9e college tuition Create a news alert for +college finance+
Posted!an. 10" 201#
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