Thursday, August 29, 2013

Most Affordable Degree in Education

When you look at the salary you will make as a teacher, a degree in education starts to look far more expensive that it's worth. However, people who feel a calling to this profession won't let salary limitations deter them. They will just find ways to get the most affordable degree in education and search for more benefits as a teacher.

In order to make the most out of your degree in education, you have to start by limiting costs, including student loans. Let's start with your school of choice.

Tuition
WGU Indiana charges $6070.00 per year, not semester. The year is broken up into two six month sessions, during which you can take as many classes as you like without paying a penny more. That tuition includes your books. As a new student, you might also get a welcome pack that includes a USB drive so you don't even have to buy that. Since this is a knowledge based program, you may even be able to test out of some classes right away, so you can spend the rest of your session completing tasks for other classes. You also get to eliminate the foreign language requirement that most other schools make you take, whether you are going to use it or not.

Students Loans, Grants, and Scholarships
Like many schools, WGU Indiana offers their own scholarships based on a variety of qualifications from income to where you transfer your credits from. They accept financial aid including the PELL grant and student loans as well.

About those student loans...
Did you know that you can have part of yoour student loans forgiven? After 5 years as a teacher, $17,000 can be taken off. After 10 years in public service (including teaching), your balance is forgiven provided you were never in default.

Don't take out more than you need in student loans, but don't let them scare you either. You can combine them when you are done and pay them back based on your income. This can help balance out the starting rate of $32,000 for a new teacher.

Applying
In case you think things are still looking too expensive, let's just get rid of the application fee. Almost all schools have an application fee, but if you apply to WGU Indiana and enter the code INDI, your fee is waived.

Check back here frequently to learn about more benefits of going to WGU Indiana as well as benefits that come with being a teacher. You can even get a house for 1/2 off!



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