What is a 3 year college program and how much does it cost?
Attention, students – current and future. If you want to graduate earlier than expected, you might consider a three-year college program.
By shortening your college cycle by one year, you will not only graduate earlier, but also enter the workforce faster and start making money. However, you will need to speed up your study habits.
“Three-year college programs, also known as accelerated study programs, aren’t for everyone because they’re more intense,” said Mark Kantrowitz, website editor, Private Student Loans Guru. “Instead of requiring four years, they only require three years, but may also require taking classes during the summer months.”
Here’s what you need to know about 3-year college programs:
How to graduate in 3 years
For college students who want to move forward with three-year programs, know that you have options.
“Even if a college does not have a formal three-year study program, students can get a head start by earning college credit in high school. This can include advanced level (AP) and baccalaureate tests. international (IB), as well as dual enrollment programs, “Kantrowitz said.” These college credits, however, may count only for general requirements and not meet any prerequisites. “
College students can also follow a three-year graduation program by taking advantage of the academic calendar.
“Less often, a degree can be earned in three years if the student attends an institution that offers a full year-round program (three semesters per year),” said Valerie Cimarossa, vice president of marketing and technology at the University of Advanced Technology. , in Tempe, Az. (the university offers a three-semester option to its students). “This doesn’t force students to take an increased number of credits per semester, they just attend an additional semester per year. It’s a rare offering, however, one that is most often found in schools focused on the career.”
According to the Progressive Policy Institute, 32 schools allow students to complete their education in three years in the United States. “This figure is similar to what we see in higher education institutions in Europe,” said LaNysha Adams, education consultant at Edlinguist Solutions LLC in Washington, DC.
If you are looking for funding for college, you can go to Credible to research private student loans once you have budgeted and determined how much loan you will need. You can compare student loan rates and lenders in minutes using Credible’s free tools.
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How much money can you save with a 3 year college program?
Overall, one could calculate the total cost of a three-year college program by subtracting 25% from a four-year college degree. But it’s not really that simple.
“How much you can ‘save’ depends on many factors,” said Racquel Bernard, former assistant director of admissions at Dartmouth and currently senior admissions advisor at H&C Education Consulting, a college admissions consulting firm. “Often the cost difference does not exist. Students often pay the same amount just over a more condensed period of time. They can “save” by skipping the fourth year and, therefore, missing the fourth year of tuition increases (given the general upward trend in tuition fees for US colleges).
Costs and savings also vary from school to school.
“Taking a closer look at St. John’s University, Grymes Hill campus in New York City, students can save $ 29,000 in the 3-year program,” noted Adams. UNC in Greensboro can save $ 9,000. Chatham University offers a three-year bachelor’s degree in interior design and students can save a full year of tuition. By looking at the overall costs of each of these institutions, taking into account the cost of living of each place, then the money saved is important. “
Consider visit Credible to learn more about private student loans and compare rates. It is always a good idea to use a online student loan calculator to determine the costs of the three-year college.
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How to pay for a 3-year college program
Some of the smartest ways to pay for a three-year college program should sound familiar to students.
“The best ways to pay include scholarships and grants, which families can receive more from if they push for appeals for financial aid,” Adams said. “Because FAFSA uses a family’s financial needs based on the previous year’s tax information, families can apply for what is often referred to as a financial aid appeal, to have their recent financial situation taken. into account.”
If you’ve reached your federal student loan limit, visit Credible to review private student loan options.
If a student wants to save money through three-year college programs, they should consider starting with a community college. “Once they celebrate their local college’s resources, they can determine how many more years they want to spend in school and how much they are willing to devote to their program,” said Bernard.
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